Ashneer Grover, the co-founder and former managing director of BharatPe, is making waves in the fintech industry once again. This time, he’s stepping into the spotlight with a brand-new venture: ZeroPe. The app, currently in its testing phase, is designed to revolutionize medical loans.
ZeroPe: Bridging the Gap in Medical Financing
ZeroPe, developed by Third Unicorn, aims to address the financial challenges faced by individuals seeking medical treatment. Here are the key highlights:
- Instant Pre-Approved Medical Loans: ZeroPe offers instant pre-approved medical loans of up to Rs 500,000 (approximately $6,700). These loans are designed to provide timely financial support to those in need.
- Collaboration with Mukut Finvest: ZeroPe has partnered with Delhi-based Non-Banking Financial Company (NBFC) Mukut Finvest to facilitate seamless medical financing. The service is exclusively available at partnered hospitals, ensuring accessibility for patients.
- A Growing Trend: Ashneer Grover’s entry into the medical financing arena aligns with a broader trend. Several startups, including SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko, and Mykare Health, are already offering instant financing solutions for medical bills and elective treatments.
Third Unicorn’s Journey
In January 2023, Ashneer Grover, along with his wife Madhuri Jain Grover and Chandigarh-based entrepreneur Aseem Ghavri, founded Third Unicorn. Initially, the company launched CrickPe, a platform competing with giants like Dream11, Mobile Premier League (MPL), and Games24x7’s My11 Circle. The seed funding round for Third Unicorn raised an impressive $3.5 million, with investments from ZNL Growth Fund, Vevek Ventures Investments, and Rishaayu LLP.
The Digital Healthcare Landscape
Startups like ZeroPe are part of a larger movement to integrate data-driven medical loans into the healthcare ecosystem. With a focus on hospitalization, home care, and chronic care management, these platforms aim to streamline financing options. A joint report by Boston Consulting Group and B Capital projects that India’s digital healthcare market could generate $37 billion in revenue by 2030, with healthcare financing contributing $5 billion to this figure.
As Ashneer Grover ventures into fintech once more, ZeroPe holds the promise of transforming medical financing, making quality healthcare accessible to all.
