India, March 18 -- image credit- freepik

CureBay, an Odisha-based healthcare startup focused on expanding access to quality care across underserved communities, has acquired the pharmacy distribution business of Saveo Healthtech, a startup based in Bengaluru.

CureBay is backed by Bertelsmann India Investments, Elevar Equity, and British International Investment (BII). Saveo's Pharmacy distribution business is a technology-enabled B2B pharma distribution company serving over 10,000 retail pharmacies across Karnataka, Telangana, Andhra Pradesh and Tamil Nadu, with operational hubs in Bengaluru and Hyderabad.

This acquisition brings into CureBay an operational pharma distribution network, including physical hubs, procurement capabilities,...