Saveo raised $3.47 million in seed led by LC Nueva Alternative Investment Fund and others

B2B pharmacy marketplace Saveo raised $3.47 million in seed led by LC Nueva Alternative Investment Fund (AIF), Jetty Ventures and Gunosy Capital Partners.

Saveo operates a marketplace that connects pharmaceutical companies and retailers to buy surgical, homoeopathic, and allopathic medicines. It also has another vertical that allows traditional pharmacy stores to digitise their operations. The funding will be used by the pharmacy startup to accelerate growth and expand its footprint across the country. Saveo will also use the funds to fund capital expenditures and meet its current working capital needs.