Rural healthtech startup CureBay has acquired the pharmaceuticals distribution business of B2B (business-to-business) health marketplace Saveo, Priyadarshi Mohapatra, founder and chief executive of CureBay told Mint.
“The acquisition was strategic in nature for us and they bring their partnerships on the procurement side of running warehouse management and the serviceability of an order that is coming from rural India,” said Mohapatra.
While the company declined to comment on the financial details of the transaction, it said that it had not raised additional funding to finance the acquisition and that it was done through the company’s existing funds.
Source: Reuters.com