What Saveo does

Saveo (legal name: Saveo Healthtech) is a Bengaluru-based healthtech company founded in 2019 that operates a B2B managed marketplace and supply chain platform connecting pharmaceutical distributors with retail pharmacies. The company's core offering is a technology-enabled ordering and procurement platform that streamlines pharmaceutical distribution, improves inventory visibility, minimizes supply gaps, and accelerates fulfillment cycles for retail pharmacy customers. By the time of its acquisition, Saveo had built a network of more than 10,000 retail pharmacies across four southern Indian states (Karnataka, Telangana, Andhra Pradesh, and Tamil Nadu), supported by distribution hubs in Bengaluru and Hyderabad. The business model centered on serving SMB retail pharmacies in semi-urban and underserved regions, addressing inefficiencies in the pharmaceutical supply chain that historically left smaller pharmacies with limited access to reliable medicine sourcing. The company raised approximately $11 million across multiple funding rounds between 2020 and 2022, with investors including Matrix Partners, Jetty Ventures, Gunosy Capital, LC Nueva, Z47 (formerly Matrix Partners India), RTP Global, India Quotient, Incubate Fund India, and First Cheque. In January 2021, Saveo acquired ShuttrStores as part of platform extension efforts.

In March 2026, CureBay, a healthcare startup operating over 190 eClinics across 15,000 villages, acquired Saveo's pharmacy distribution business, including the 10,000+ retail pharmacy network, Bengaluru and Hyderabad distribution hubs, procurement systems, and technology-driven ordering platform. Transaction terms were not disclosed. The acquisition integrated Saveo's distribution infrastructure into CureBay's hybrid healthcare model serving semi-urban and rural regions. Saveo was founded by Shivansh Shrivastava, Vivek Jaiswal, Amit Kumar (co-founder and CTO), and Anurag Savarnya. Headcount at the time of input was reported in the 101-250 range. No public revenue figures, app store presence, or specific AI/ML capabilities were disclosed in available sources.

Name

Saveo

Legal name

Saveo Healthtech

Website

https://saveo.in

Company type

Private

Founded year

2019

Operating status

Acquired

Headcount range

101–250 employees

Short description

Saveo Healthtech is a Bengaluru-based B2B managed marketplace and supply chain platform that connects pharmaceutical distributors with over 10,000 retail pharmacies across southern India. Its pharmacy distribution business was acquired by CureBay in March 2026.

Ownership category

akta.pro rank

Product category

Pharmaceutical Distribution Marketplace

NAICS

Drugs and Druggists' Sundries Merchant Wholesalers (424210)

SIC

Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)

akta.pro primary industry

Central Fill & Pharmacy Outsourcing Services (HLAFALAM)

akta.pro secondary industry

Pharmacy Benefit/Channel Services (PSAO, 340B Admin, Chargebacks/Rebates Ops) (CRAOAHAK)

Keywords

• B2B pharma marketplace
• Pharmacy supply chain
• Pharmaceutical distribution
• Retail pharmacy procurement
• Healthtech distribution

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Infrastructure, Operations, Technology or R&D, Supply Chain, Personnel

Distribution channels1 record

Core offering

Saveo operated a B2B managed marketplace platform that connected retail pharmacies with pharmaceutical distributors, enabling technology-driven ordering and procurement of pharmaceutical products. The company maintained a network of more than 10,000 retail pharmacies across southern India (Karnataka, Telangana, Andhra Pradesh, and Tamil Nadu) supported by distribution hubs in Bengaluru and Hyderabad that accelerated fulfillment cycles and minimized supply gaps for retail pharmacy customers.

Product overview

Saveo is a pharmacy-focused supply chain and marketplace platform that operated as a B2B distribution network for pharmaceutical products. The platform served over 10,000 retail pharmacies across southern India (Karnataka, Telangana, Andhra Pradesh, and Tamil Nadu) with distribution hubs in Bengaluru and Hyderabad. The offering combined technology-enabled ordering with procurement capabilities, though the specific product architecture (single platform vs. modular) cannot be determined from available sources. Saveo's pharma distribution business was subsequently acquired by CureBay in March 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Saveo Pharmacy Distribution Platform B2B pharmacy supply chain and marketplace platform connecting retailers with pharmaceutical distributors, featuring technology-driven ordering and procurement capabilities. Served over 10,000 retail pharmacies across Karnataka, Telangana, Andhra Pradesh, and Tamil Nadu through distribution hubs in Bengaluru and Hyderabad.

Quantifiable outcome

• Network of over 10,000 retail pharmacies across southern India
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CureBaymajor acquisitionStrategic or Co-development Partner · 18 March 2026CureBay, a healthcare startup, acquired Saveo's pharmacy distribution business in March 2026. The deal included Saveo's network of over 10,000 retail pharmacies across Karnataka, Telangana, Andhra Pradesh, and Tamil Nadu, along with distribution hubs in Bengaluru and Hyderabad, advanced procurement systems, and technology-driven ordering platform. CureBay operates over 190 eClinics across 15,000 villages and has served more than one million patients.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Emerging players

• Pluss: India-based B2B platform for pharma and healthcare product distribution. Directly comparable as an early-stage B2B pharma supply chain startup operating technology-driven procurement and delivery.
• Truemeds: Indian B2B2C online pharmacy focused on affordable generic medicines. Comparable as a tech-enabled pharma distribution player targeting pharmacies and end consumers, though with a more consumer-facing angle.
• HealthKart: Indian health products platform with B2B and B2C operations including pharma and supplement distribution. Comparable as a technology-enabled health products distribution player with overlap in pharmacy-adjacent supply.

Broad incumbents

• MedPlus: Large Indian retail pharmacy chain with significant in-house distribution infrastructure. Comparable as a vertically integrated pharmacy operator with B2B sourcing scale, though primarily consumer-facing retail.
• Tata 1mg: Backed by Tata, Tata 1mg operates a large-scale online pharmacy and diagnostics platform with B2B distribution capabilities. Comparable as a technology-enabled pharma distribution and pharmacy services player in India with much broader reach and capital.
• Netmeds: Reliance-owned online pharmacy serving consumers and pharmacies across India. Comparable as a pharma distribution player, though primarily B2C with adjacent B2B operations and substantially larger scale.

Direct peers

• PharmEasy: Indian healthtech platform with B2B pharma distribution operations supplying retail pharmacies alongside its consumer-facing business. Directly comparable as a tech-enabled B2B pharma supply chain player in India, though larger and more diversified.
• Medikabazaar: B2B online marketplace for medical supplies and pharmaceuticals in India, serving hospitals, clinics, and pharmacies. Highly comparable as a tech-enabled B2B medical/pharma distribution platform targeting healthcare buyers.

Others

• CureBay: Hybrid healthcare startup operating 190+ eClinics across 15,000 villages and serving over 1 million patients. Acquired Saveo's distribution business in March 2026, validating Saveo's network value as a complementary asset in serving underserved India.

Regional players

• PharmaEasy / API Holdings wholesale: Wholesale and distribution arm of API Holdings/PharmEasy focused on B2B pharma supply to Indian retailers. Directly comparable as a wholesale pharma distributor serving retail pharmacies at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/heysaveo

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saveo