Former BharatPe Co-founder Ventures into Medical Financing with ZeroPe, Aiming to Tap India’s Booming Digital Healthcare Market
BharatPe co-founder Ashneer Grover is making waves once again in the fintech sector with his latest venture, ZeroPe. This new app marks Grover’s return to the industry following his departure from BharatPe. Developed by Third Unicorn, a company founded by Grover himself, ZeroPe aims to revolutionize medical financing in India by offering instant pre-approved loans of up to Rs 5 lakhs in partnership with Mukut Finvest, a Delhi-based Non-Banking Financial Company (NBFC).
What is ZeroPe?
ZeroPe stands out in the crowded fintech healthcare space by providing seamless access to medical loans exclusively at partnered hospitals. The app, still in its testing phase on the Google Play Store, promises a hassle-free experience for users seeking financial assistance for medical treatments. This initiative aligns with India’s growing digital healthcare market, where various apps like Fibe, SaveIn, Neodocs, Kenko Qube Health, Arogya Finance, and Mykare Health are already competing by offering similar instant financing solutions.
Potential of Healthcare Financing Market in India
Grover’s ZeroPe enters a market ripe with potential, as indicated by forecasts from the Boston Consulting Group and B Capital. By 2030, India’s digital healthcare sector is expected to generate a staggering $37 billion in revenue, with healthcare financing accounting for $5 billion of that sum. This projection underscores the immense opportunity for fintech ventures like ZeroPe to address the financial needs of patients across diverse healthcare services, including hospitalization, home care, and chronic care management.
The Genesis of Third Unicorn
Third Unicorn, the brainchild of Ashneer Grover, Madhuri Jain Grover, and Aseem Ghavri, initially ventured into the world of fantasy gaming with CrickPe. However, with ZeroPe, the company expands its portfolio into the critical realm of healthcare financing, positioning itself as a significant player in India’s evolving fintech landscape.
