Ashneer Grover: Shark Tank Fame Ashneer Grover Set To Re-Enter In Fintech Space With ZeroPe- Check Details | Industry News
ZeroPe, as per the information available on the Play Store, offers healthcare payment services by providing loans to individuals facing stressful medical expenses.
Shark Tank Fame Ashneer Grover Set To Re-Enter In Fintech Space With ZeroPe- Check Details (image source: Canva/ Playstore)
Ashneer Grover, Shark Tank fame and serial entrepreneur set to make waves in the Fintech space once again with the launch of the new fin-tech platform under Third Unicorn, the parent company of BharatPe, a merchant payments gateway. Third Unicorn has introduced another fintech application, ZeroPe, on the Google Play Store recently.
ZeroPe: For Healthcare Payments
ZeroPe, as per the information available on the Play Store, offers healthcare payment services by providing loans to individuals facing stressful medical expenses. Although still in the testing phase, ZeroPe has been developed by Third Unicorn, according to its Google Play Store listing. It aims to provide instant pre-approved medical loans of up to Rs 5 lakhs in partnership with Delhi-based Non-Banking Financial Company (NBFC) Mukut Finvest. However, this service is exclusively available at partnered hospitals, as stated on the ZeroPe app website.
Grover’s Entry into Fin-Tech
Ashneer Grover’s foray into medical financing with ZeroPe aligns with a growing trend in the industry. Several businesses, including SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko, and Mykare Health, offer instant financing solutions for medical bills and elective treatments.
Third Unicorn’s Journey: From CrickPe to ZeroPe
Third Unicorn, founded by Ashneer Grover, his wife Madhuri Jain Grover, and Chandigarh-based entrepreneur Aseem Ghavri in January 2023, initially launched CrickPe, a fantasy gaming platform, to compete with rivals such as Dream11, Mobile Premier League (MPL), and Games24x7’s My11Circle. Securing $3.5 million in a seed round led by ZNL Growth Fund, along with Vevek Ventures Investments and Rishaayu LLP’s participation, Third Unicorn’s innovative approach garnered early success.
Digital-First Startups in Healthcare Financing
A host of digital-first startups are emerging to offer data-driven medical loans catering to various healthcare needs, including hospitalization, home care, and chronic care management. These startups aim to integrate hospital networks, health insurance providers, and government healthcare schemes to provide comprehensive financing solutions for patients.
Future Outlook: Growth Potential in Digital Healthcare
India’s digital healthcare market is poised for growth, with projections indicating revenue generation of $37 billion by 2030. A joint report by Boston Consulting Group and Singapore-based venture capital firm B Capital forecasts that healthcare financing alone could reach $5 billion, underscoring the immense potential for innovation and investment in the sector.
