Saveo
Saveo is a managed marketplace that provides pharmacies with access to a virtual inventory of over 50,000 SKUs, enabling timely delivery and competitive pricing through streamlined procurement from multiple distributors. This platform addresses the challenges of irregular supply chains and high operational costs, ensuring pharmacies can maintain stock availability and improve patient service.
- Commerce & Shopping
- Enterprise Software
- Healthcare Technology
- Logistics & Supply Chain
- Software Only
Funding
Raised to date
$17.1MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
$12.1M across 4 disclosed rounds
FC+5$3.4M · Seed
Announced Sep 2022
Disclosed cumulative: $12.1M
Reported total $17.1M
Incomplete round history. $5M of the $17.1M reported total isn’t matched to a known round.
Founders
Product
Problem
Pharmacies often face challenges in procuring medicines due to fragmented supply chains, dealing with multiple distributors, and managing a wide range of stock-keeping units (SKUs). This can lead to stockouts, increased operational costs, and difficulty in competing with larger chains and online pharmacies.
Solution
Saveo is a managed marketplace that streamlines pharmaceutical procurement for pharmacies by providing access to a virtual inventory of over 50,000 SKUs from multiple distributors. The platform offers timely delivery, competitive pricing, and a consolidated ordering process, enabling pharmacies to efficiently manage their inventory and reduce procurement costs. Saveo aims to empower pharmacies by re-engineering the supply chain, ensuring medicine availability and improving patient service through technology-driven solutions. The platform also provides tools for intelligent product exploration, access to a comprehensive medicine catalog, and the ability to establish a digital presence.
Target Audience
Saveo primarily targets pharmacies and medical stores in India seeking a streamlined and cost-effective solution for pharmaceutical procurement.
Features
- Virtual inventory of 50,000+ SKUs, including allopathic, generic, surgical, and ayurvedic medicines.
- Access to both primary and secondary medicine markets for cheaper procurement.
- Timely slot delivery with live tracking and digital payment options.
- Intelligent product exploration with additional discounts.
- Medicine catalog with detailed information on 1 lakh+ medicines.
- Digital footprint tools to help pharmacies grow their business online.
- Mobile application for easy ordering and management of pharmaceutical supplies.