Second Innings! Ashneer Grover To Return To Fintech With ZeroPe, An App For Medical Loans

Former Shark Tank India judge Ashneer Grover has been the controversy¡¯s child of the business world. After grabbing headlines for all the wrong reasons, the BharatPe co-founder is all set to re-enter the fintech space with Zerope, an app for medical loans

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ZeroPe Is Still In Testing Stage

Third Unicorn, founded by Grover after leaving BharatPe, is behind the development of ZeroPe, currently in testing phase, as stated on its Google Play Store listing. In 2023, the company launched CrickPe, a fantasy gaming platform.

What Will ZeroPe Offer To Customers?

The ZeroPe app, in collaboration with Delhi-based Non-Banking Financial Company (NBFC) Mukut Finvest, will provide instant pre-approved medical loans of up to Rs 5 lakhs. These loans can only be accessed at affiliated hospitals, according to information on the ZeroPe app website.

Grover's venture joins a burgeoning market of companies, including SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko, and Mykare Health, all providing prompt financial options for medical expenses and elective procedures.

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Several digital-first startups are aiming to provide data-driven medical loans to cover various healthcare needs, encompassing hospitalization, home care, and chronic care management. They are integrating with hospital networks, health insurance providers, and government healthcare schemes to offer comprehensive solutions to patients.

A collaborative report by Boston Consulting Group and Singapore-based venture capital firm B Capital forecasts that India's digital healthcare sector has the potential to generate $37 billion in revenue by 2030. Within this projection, healthcare financing is expected to contribute $5 billion.

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