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Home Business & Corporates

Bokaro boy’s startup gets investments worth Rs 140 Cr from 24 companies across India

Lagatar News by Lagatar News
May 28, 2022
in Business & Corporates, Jharkhand
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CONRAD DIAS

Ranchi, May 28: Saveo Healthtech (saveo.in), the B2B healthcare startup from Bengaluru, has got an investment worth Rs. 140 crore from 24 different investors across India. Companies such as Big Basket have also invested in this startup.

Anurag Savarnya from Bokaro is one of the co-founders of the startup. He along with Shivansh Shrivastava and Vivek Jaiswal started the company on May 29, 2019. Around 50,000 medicines from 500 different companies are available on this platform.

Anurag, who did his schooling at St. Xavier’s School Sector-1, has earlier worked as an analyst for companies such as Housing.com, Barclays and Trafigura. After quitting his multinational job, he along with his partners decided to work in the field of healthcare.

They analyzed that many remote parts of the country still lack availability of medicines and many B2B companies do not deliver in these locations. That’s when they came up with the idea to make an online platform which will deliver medicine to these locations without any hassle.

They first did a market survey and then did a presentation with the CEO of different pharma companies to tell them about the importance of e-commerce in healthcare. During the pandemic, the company supplied medicines to various rural parts of Karnataka.

The company is currently headquartered in Bengaluru with 125 employees and is planning to extend its centre to Coimbatore and Hyderabad.

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