PTI | Bengaluru | Updated: 29-01-2021 12:29 IST | Created: 29-01-2021 12:11 IST
Representative Image Image Credit: Pixabay
Bengaluru-headquartered SaveoHealthtech Pvt. Ltd,a B2B e-commerce marketplace forpharmacies, has secured a USD four million seed round co-ledby Matrix Partners India and RTP Global, with participationfrom Incubate Fund and India Quotient.
The company said in a statement on Friday it plans toutilise fresh funding to penetrate deeper into existinggeographies, expand to new territories along with upscalingthe full-stack tech platform.
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Saveo is currently serving 2,000-plus pharmaciesacross Bengaluru and 3,000-plus pharmacies across Karnatakaand looking to capture 1,00,000-plus pharmacies across Indiain the next 18 months spread across 100-plus cities in thecountry.