Healthcare-fintech startup SaveIN has secured a significant ₹37 crore in its latest funding round, signaling strong investor confidence in its vision to revolutionize healthcare affordability in India. With this fresh capital, the company aims to scale its innovative “Care Now, Pay Later” offerings and expand its reach across the country. Will SaveIN’s tech-driven approach be the key to unlocking accessible healthcare for millions?
The ₹37 crore infusion comes primarily from SaveIN’s existing global investors, including 10X Founders, Oliver Jung, and Leblon Capital, with new participation from Stem AI. This investment follows a previous ₹64 crore seed round, bringing the Y Combinator-backed startup’s total funding to over ₹100 crore within just three years of its inception in 2022. This substantial financial backing underscores the potential of SaveIN’s unique approach to tackling the challenges of healthcare affordability in the Indian market.
Founded by Jitin Bhasin, SaveIN operates a healthcare network that enables patients to access a wide range of outpatient treatments – spanning dental, dermatology, fertility, fitness, and more – through zero-cost Equated Monthly Installments (EMIs). This innovative “Care Now, Pay Later” model directly addresses a critical gap in the Indian healthcare system, where many essential treatments are not covered by traditional insurance, leading to significant out-of-pocket expenses for individuals.
SaveIN’s tech-driven platform features a seamless, QR code-based checkout system integrated with leading banks like HDFC Bank, ICICI Bank, and IDFC First Bank. This allows patients to conveniently opt for EMI options at the point of care, ensuring timely access to necessary treatments without immediate financial strain. The company reports having processed over 5 lakh customer applications in the past three years, demonstrating the strong demand for its affordable healthcare financing solutions.
welUp: Expanding into Corporate Wellness
In addition to its B2C offerings, SaveIN has recently launched welUp, a B2B wellness platform designed to help organizations provide comprehensive health benefits to their employees. welUp offers a range of services, including on-demand doctor consultations, mental wellness programs, AI-driven diet planning, diagnostics, and holistic therapies, all integrated with built-in healthcare credit support through SaveIN’s no-cost EMI options. This strategic expansion into the corporate wellness sector further broadens SaveIN’s potential impact on the Indian healthcare landscape.
With this latest funding, SaveIN is strategically positioned to scale its operations, strengthen its network of over 7,000 partner healthcare providers, and further develop its welUp platform. The company aims to bridge the affordability gaps in outpatient and preventive care across India, tapping into a vast market with significant unmet needs. The increasing focus on healthcare accessibility and the growing adoption of fintech solutions in India provide a favorable environment for SaveIN’s continued growth and its mission to make quality healthcare affordable for all.
Summary:
- Healthcare-fintech startup SaveIN has raised ₹37 crore in a new funding round led by existing investors, bringing its total funding to over ₹100 crore.
- SaveIN’s core offering is a “Care Now, Pay Later” model providing zero-cost EMIs for outpatient healthcare treatments.
- The company has also launched welUp, a B2B wellness platform for corporates.
- The new funding will be used to scale SaveIN’s offerings, expand its network, and further develop its technology.