Ashneer Grover, the Co-founder and former Managing Director of Popular Fintech Unicorn BharatPe is making waves in the Fintech space again. This time he is spearheading ZeroPe which is a medical loan App.
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What about ZeroPe?
ZeroPe is an idea that has been born and is related to the new company of Grover, Third Unicorn. Launched with an innovative app that will provide medical loans for amounts up to INR 5,00,000 instantly without any formality. Joining hands with Mukut Finvest, one of the leading non-banking financial companies (NBFCs), ZeroPe guarantees instant loans at zero interest and consults only at partnered hospitals, as stated on the ZeroPe website.
Joining the Fintech Fray
Grover’s entry into the medical loan sector is in line with a growing trend. Many businesses like Savin, Qube Health, Arogya Finance, Neodox, Fibe, Kenko and Mycare Health are already providing quick financing solutions for medical expenses and elective procedures.
Third Unicorn’s Journey
On January 6, 2023, Grover along with his wife Madhuri Jain and friend Aseem Ghavri, a popular entrepreneur from Chandigarh, ventured into the cutting-edge innovative startup ‘Third Unicorn’. To begin with, they decided to start with CrickPe, giving tough competition to established players like Dream11 and Mobile Premier League (MPL), which quickly gained traction as well. The CrickPe also received USD 3.5 million from ZNL Growth Fund in a seed-funding round, which was led by the fund. Vivek Ventures Investments and Rishayu LLP also contributed to the round.
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A Growing Digital Health Space
The digital sector is seeing a rise in startups offering data-driven medical loans that cater to various healthcare needs. From hospitalization to home care and chronic care management, these startups aim to seamlessly integrate hospital networks, health insurance providers and government health care schemes.
The joint decision by Boston Consulting Group and Singapore-based venture capital firm B Capital raises the possibility that the Indian market for digital health could achieve revenues of USD 37 billion by 2030.
