ZeroPe
Ashneer Grover, the former managing director of BharatPe, is venturing into the fintech space once again with ZeroPe, an app designed for medical loans. This news comes from a report by Moneycontrol.
ZeroPe will offer instant pre-approved medical loans of up to Rs 5 lakh in collaboration with Delhi-based NBFC Mukut Finvest. The service is currently available exclusively at partnered hospitals.
Grover's entry into this arena adds to a growing trend of companies offering instant financing solutions for medical bills and elective treatments. Some other players in this space include SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko, and Mykare Health.
The ZeroPe app is currently in its testing phase and has been developed by Third Unicorn, according to its Google Playstore listing. Grover launched Third Unicorn in January 2023 with his wife Madhuri Jain Grover and Chandigarh-based entrepreneur Aseem Ghavri. Their first venture under Third Unicorn was CrickPe, a competitor to Dream11, MPL, and My11 Circle.
The company raised $3.5 million in a seed funding round led by ZNL Growth Fund, with participation from Vevek Ventures Investments and Rishaayu LLP.
India's digital healthcare market is expected to generate $37 billion in revenue by 2030, according to a joint report by Boston Consulting Group and B Capital. Of this, healthcare financing alone is estimated to reach $5 billion.