Ashneer Grover’s latest venture, ZeroPe, is making waves in the fintech sector with its innovative approach to medical loans. The app, currently in its testing phase, has been developed by Third Unicorn, a company founded by Grover post his exit from BharatPe. ZeroPe is set to provide instant pre-approved medical loans of up to ₹5 lakh, a significant financial support for healthcare needs.
The strategic collaboration with Delhi-based Non-Banking Financial Company (NBFC) Mukut Finvest enables ZeroPe to offer these substantial loans. This partnership is a testament to the app’s robust financial backing and commitment to providing seamless financial aid. With the Indian digital healthcare market projected to generate $37 billion in revenue by 2030, and healthcare financing alone estimated to reach $5 billion, ZeroPe’s market entry is both timely and promising.
Grover’s Third Unicorn, which also launched CrickPe, a real-money fantasy cricket app, has raised $3.5 million in a seed funding round led by ZNL Growth Fund, with participation from Vevek Ventures Investments and Rishaayu LLP. This financial boost further solidifies the company’s position in the competitive fintech landscape.
ZeroPe’s potential impact on the healthcare financing sector is immense. With several players like SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko, and Mykare Health already offering instant financing solutions for medical bills and elective treatments, ZeroPe’s entry adds to the diversity and options available to consumers. The app’s promise of instant loan approvals and direct payments to partnered hospitals addresses a critical need for quick and hassle-free financial solutions in medical emergencies.
As ZeroPe moves out of its testing phase and becomes widely available, it will be interesting to observe its adoption and usage rates. The success of this app could pave the way for more fintech solutions that cater specifically to the healthcare sector, providing much-needed financial support to patients and streamlining the payment process for healthcare providers. With Ashneer Grover at the helm, ZeroPe is poised to become a significant player in the fintech and healthcare industries.