BharatPe co-founder and former managing director Ashneer Grover is preparing his second coming in the fintech arena with an app for medical loans called ZeroPe.
ZeroPe, which is still in testing mode, has been developed by Third Unicorn, according to its Google Playstore listing.
Third Unicorn was founded by Grover after his exit from BharatPe and launched a fantasy gaming platform, called CrickPe, in 2023.
The ZeroPe app will offer instant pre-approved medical loans of up to Rs 5 lakhs in partnership with Delhi-based Non-Banking Financial Company (NBFC) Mukut Finvest. The service can only be availed at partnered hospitals, the ZeroPe app website says.
Grover’s is the latest entry into a growing line of businesses such as SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko and Mykare Health offering instant financing solutions for medical bills and other elective treatments.
Grover launched Third Unicorn along with his wife Madhuri Jain Grover and Chandigarh-based entrepreneur Aseem Ghavri in January 2023.
Ashneer, Madhuri and Ghavri refused to comment.
Third Unicorn started out with CrickPe to take on rivals such as Dream11, Mobile Premier League (MPL) and Games24x7's My11Circle.
It raised $3.5 million in a seed round led by ZNL Growth Fund along with the participation of Vevek Ventures Investments and Rishaayu LLP.
A host of digital-first startups are looking to offer data-driven medical loans for patients across all healthcare needs of patients, including hospitalisation, home care, and chronic care management, integrating hospital networks, health insurance providers, and government healthcare schemes.
India’s digital healthcare market could generate $37 billion in revenue by 2030, a joint report by consulting firm Boston Consulting Group and Singapore-based venture capital firm B Capital has said. Of this, healthcare financing alone is estimated to reach $5 billion.
Also read: Ashneer Grover highlights how Shark Tank India continues to use his name for views
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