About Saveo
Saveo is a company based in Bengaluru (India) founded in 2019 by Amit Kumar, Vivek Jaiswal, and Shivansh Shrivastava. Saveo has raised $20.02 million across 8 funding rounds from investors including Angel List, Wellfound and Lighthouse Canton. The company has 218 employees as of March 29, 2024. Saveo has completed 1 acquisition, including Shuttr. Saveo operates in a competitive market with competitors including Medimny, MEDdelivery, Jetpat, PharmaPe and Pharmatradz, among others.
- Headquarter Bengaluru, India
- Employees 218 as on 29 Mar, 2024
- Founders Amit Kumar, Vivek Jaiswal, Shivansh Shrivastava
- Stage Minicorn
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Sectors
HealthcareRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Saveo Healthtech Private Limited
- Date of Incorporation 29 May, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$20.23 M (USD)184.85as on Mar 31, 2023
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Net Profit
-$5.49 M (USD)-69.86as on Mar 31, 2023
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EBITDA
-$4.83 M (USD)-56.61as on Mar 31, 2023
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Total Equity Funding
$20.02 M (USD)
in 8 rounds
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Latest Funding Round
$73.54 K (USD), Series A
Mar 11, 2025
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Investors
Angel List
& 64 more
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Employee Count
218
as on Mar 29, 2024
- Investments & Acquisitions
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People of Saveo
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Co Team
1 people
Sales and Marketing
1 people
Leadership Team
1 people
Creative and Marketing Team
1 people
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Funding Insights of Saveo
Saveo has successfully raised a total of $20.02M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $73.54 thousand completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series A — $73,541
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First Round
First Round
(01 Mar 2020)
- Investors Count 65
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series A - Saveo | Valuation | Lighthouse Canton , Unity Small Finance Bank |
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| Aug, 2024 | Amount | Series A - Saveo | Valuation | Scov3 | |
| Sep, 2023 | Amount | Series A - Saveo | Valuation | Alkemi Growth Capital , Capier Investments |
Investors in Saveo
Saveo has secured backing from 65 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and Lighthouse Canton.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in early-stage healthcare companies for consumer well-being and growth.
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Founded Year | Domain | Location | |
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Venture capital and infrastructure investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Angel Network for Bengaluru based companies
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Founded Year | Domain | Location |
Investments & Acquisitions by Saveo
Saveo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Shuttr.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of an online retail platform for the purchase of medicines
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2020 |
Financial Statements - Saveo
Saveo Comparisons
Competitors of Saveo
Saveo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Medimny, MEDdelivery, Jetpat, PharmaPe and Pharmatradz, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
B2B marketplace platform for pharmaceutical products is operated.
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| domain | founded_year | HQ Location |
Retail pharma procurement is enabled via hyperlocal e-commerce platform.
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| domain | founded_year | HQ Location |
Provides a mobile marketplace for medicines with B2B options to facilitate efficient distribution.
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| domain | founded_year | HQ Location |
Provides a B2B online marketplace for purchasing pharmaceuticals.
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| domain | founded_year | HQ Location |
Operates a digital platform connecting pharmaceutical manufacturers, suppliers, and exporters for global trade.
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Frequently Asked Questions about Saveo
Saveo was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Saveo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Saveo is a funded company, having raised a total of $20.02M across 8 funding rounds to date. The company's 1st funding round was a Series A of $4.3M, raised on Mar 01, 2020.
As of Mar 29, 2024, the latest employee count at Saveo is 218.
Annual revenue of Saveo is $20.23M as on Mar 31, 2023.
Founded in 2019 in Bengaluru, India, Saveo operates within the healthcare sector as a managed B2B marketplace. Pharmacies are enabled to source branded generics, surgical supplies, OTC products, allopathy, and ayurvedic medicines through a centralized platform. Orders can be searched, placed, and tracked in real time, with delivery status monitored accordingly. The service supports efficient procurement processes for pharmaceutical businesses.
Saveo's top competitors include MEDdelivery, Medimny and Jetpat.
Saveo has made 1 acquisition, including Shuttr.
Saveo has 65 investors. Key investors include Angel List, Wellfound, Lighthouse Canton, Gunosy, and Z Nation Lab.
The valuation of Saveo is $33.2M as of Mar 2025.