Indian pharmaceutical industry is highly fragmented with 6.5lakh retailers and 65000 distributors, unlike the US where there are just 5 major distributors covering 93% of the market share. We aim to streamline this supply chain by being a single distribution point and empower these 6.5lakh micro-entrepreneurs with technology and sustainability.
Location: South Africa, Gauteng, Gosforth
Employees: 51-200
Total raised: $54M
Founded date: 2019
Founders name: Anurag Savarnya; Shivansh Shrivastava; Vivek Jaiswal
Investors 5
| Date | Name | Website |
| - | 4point0 | 4point0.vc |
| - | Matrix Par... | matrixpart... |
| - | Incubate F... | incubatefu... |
| - | Alkemi Ven... | alkemivp.c... |
| - | Better Cap... | bettercapi... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 28.09.2022 | Seed | $50M | - |
| 29.01.2021 | Seed | $4M | - |
Persons 10
| Date | First Name | Last Name | Title | Location | |||
| - | Vishal Kum... | Gupta | - | linkedin.c... | - | v*********... | - |
| - | Amit | Bangundi | Management... | linkedin.c... | - | a**t@saveo... | - |
| - | Prashanth | Karnal | Assistant ... | linkedin.c... | - | p*********... | - |
| - | Harsh | Jain | Finance | linkedin.c... | - | h********n... | - |
| - | Marcus | Abhilash | Software D... | linkedin.c... | - | m****s@sav... | - |
| - | Anurag | Savarnya | Co-Founder | linkedin.c... | - | a****g@sav... | - |
| - | Jatin | Sibbal | - | linkedin.c... | - | j*********... | - |
| - | Shivansh | Shrivastav... | Co-Founder | linkedin.c... | - | s******h@s... | - |
| - | Wangsun | Hakhun | Android Co... | linkedin.c... | - | s***s@save... | - |
| - | Vivek | Jaiswal | Co-Founder | linkedin.c... | - | v*********... | - |
Mentions in press and media 7
| Date | Title | Description |
| 11.08.2025 | Truemeds Secures $85 Million to Revolutionize India's Healthcare Access | Truemeds, a leading e-pharmacy, secured $85 million in Series C funding. Accel and Peak XV Partners led the investment. This significant capital injection accelerates its mission. The company targets India's vast non-metro regions. It deliv... |
| 11.08.2025 | Truemeds raises $85M to target non-metro markets | Epharmacy and telehealth platform Truemeds has raised $85 million in Series C funding to accelerate its push into smaller cities and towns. The financing, completed in two tranches, was led first by Accel and later by Peak XV Partners, with... |
| 28.09.2022 | Pharma supply start-up Saveo Healthcare raises $4.5mn in venture round | Saveo Healthtech, a B2B e-commerce marketplace for pharmacies, has raised $4.5 million in a venture round co-led by Matrix Partners, Gunosy Capital and 4point0 Health Ventures. The round saw participation by existing investors LC Nueva, Jet... |
| 28.09.2022 | B2B platform Saveo raises funds at $50 mn valn | Credit: 123RF.com Bengaluru-based Saveo Healthtech Pvt Ltd, which operates a business-to-business e-commerce platform focused on pharmacies, has secured $4.5 million (around Rs 35 crore) in a fresh funding round co-led by Matrix Partners, G... |
| 28.09.2022 | Saveo raises $4.5 million in funding at $50 million valuation | ETtech Saveo, a B2B e-commerce marketplace for Indian pharmacies, on Wednesday said it has raised $4.5 million in a venture round co-led by Matrix Partners, Gunosy Capital and 4point0 Health Ventures. Existing investors LC Nueva, Jetty Vent... |
| 29.01.2021 | Saveo raises $4 Mn in a seed round | Bengaluru: B2B e-commerce marketplace for pharmacies Saveo has secured $4 million in a seed round co-led by Matrix Partners India and RTP Global with the participation of Incubate Fund, India Quotient, and a clutch of angel investors. The c... |
| - | Saveo | “Ab Pharmacy Chalaana Hua Aasaan. Kharidiye 40,000+ medicines ek jagah attractive rates pe, same-day delivery ke sath! Allopathy, Generics, Surgical, Ayurvedic, Specialty, COVID. Live in Banglore.” |