Healthtech co Saveo raises $3.4 M from Matrix, Jetty Ventures, others

Bengaluru-based pharmacy focused supply chain and marketplace platform Saveo has raised USD 3.5 million in a seed round co-led by Matrix Partners, Jetty Ventures, Gunosy Capital and LC Nueva who infused INR 4 crore each. Tejal Merchantile, Capier Investments, Ocgrow Ventures and RTP Global invested INR 3.5 crore, INR 2.75 crore, INR 2.4 crore and INR 1.2 crore respectively. The rest came from IQ Alpha, Incubate Fund and others. Saveo connects pharmaceutical companies with retailers. It acts as a procurement point for generics, surgical, OTC, speciality, allopathy, and ayurvedic medicines. It also claims to help neighborhood pharmacy stores to digitise their businesses. In January last year, the firm raised USD 4 million co-led by Matrix and RTP Global.