Ashneer Grover, the former Shark Tank India judge and co-founder of BharatPe, is making his comeback in the fintech realm with the launch of ZeroPe, a new application dedicated to providing medical loans.
ZeroPe, currently in its testing phase, emerges as part of Grover’s venture, Third Unicorn, initiated post his tenure at BharatPe. Alongside his wife, Madhuri Jain Grover, and entrepreneur Aseem Ghavri, Grover founded Third Unicorn in January 2023. The company marked its entry into the competitive market with CrickPe, a fantasy gaming platform challenging industry giants like Dream11 and Mobile Premier League (MPL). Following its debut, Third Unicorn secured a $3.5 million seed funding round.
ZeroPe seeks to address the pressing need for accessible medical financing by offering instant pre-approved loans of up to Rs 5 lakhs. The service, in collaboration with Delhi-based NBFC Mukut Finvest, is exclusively available at partnered hospitals.
ZeroPe’s introduction aligns it with a growing list of businesses endeavoring to simplify healthcare financing, including SaveIn, Qube Health, and Mykare Health, among others.
India’s digital healthcare landscape is on the brink of significant transformation, with projections estimating a market potential of $37 billion by 2030. Within this landscape, healthcare financing is anticipated to contribute a substantial $5 billion. Startups like ZeroPe are pioneering data-driven solutions to integrate hospital networks, health insurance providers, and government healthcare schemes, aiming to offer comprehensive care management across various healthcare needs.
With the rising cost of healthcare, particularly in the wake of the COVID-19 pandemic, there is an increasing demand for innovative financing solutions that can bridge the gap between affordability and quality healthcare services. ZeroPe’s initiative to provide instant medical loans aims to address this demand by offering quick and hassle-free access to funds for medical treatments, surgeries, and other healthcare-related expenses.
As ZeroPe enters the market, it is poised to disrupt the healthcare financing space and carve out a niche for itself by leveraging technology to streamline the lending process and provide financial support to individuals in need of medical assistance.
