January 13, 2021
ShuttrStores founders to join Saveo’s tech team Saveo Healthtech Pvt Ltd, a Bengaluru-based B2B e-commerce marketplace for pharmacies, has acqui-hired Gurugram-based retail start-up ShuttrStores. The financial terms of the deal were not disclosed.
Post deal, both ShuttrStores founders IIT-Kanpur graduates Kshitij Yadav and Kamlesh Meena will join Saveo’s technology team.
“This acquisition will help strengthen the overall pharma-ecosystem of our country. ShuttrStores’ capabilities, reach and expertise in this area will help Saveo improve its key offerings to customers,” Saveo co-founder Vivek Jaiswal said.
ShuttrStores, set up last year, aims to organise and aggregate the $40-billion Indian pharmacy retail market and create a chain of tech-enabled stores.