SaveIN, founded in 2020 by Jitin Bhasin, Anurag Varma and Gaurav Luthra, offers embedded finance and pay-later options to patients at zero-cost equated monthly instalments (EMIs) across its network of healthcare providers. Its flagship 'Care now, Pay later' product launched in January this year. Since launch the startup has onboarded over 2,500 healthcare and wellness centres across 50 cities. The company is building a network of providers to offer embedded finance at clinics and plans to invest in people, product and distribution to scale. The latest $1 million seed will be used for product development and to scale the team and marketing footprint. The new raise takes SaveIN's total seed fundraise to $8 million. SaveIn provides financing and embedded credit options that let patients pay for healthcare services via zero-cost EMIs at checkout across a network of providers. Its offering targets individual healthcare providers including dentists, ophthalmologists, dermatologists, veterinarians, wellness centers, and haircare services. The company says it has grown over 15X since launching five months ago, indicating early product-market fit. SaveIn plans to use new capital for product development, hiring, and market expansion. It aims to onboard 5,000 healthcare partners by the end of the year to build a hyper-local, discovery-led offline healthcare ecosystem. The startup highlights large out-of-pocket healthcare spending in India as the market opportunity it seeks to address. SaveIN is a credit-focused fintech that provides embedded finance and a flagship ‘Care now, Pay later’ BNPL product for clinics and outpatient/elective healthcare providers. The company aims to build a network of healthcare providers offering minimal- or zero-cost EMI digital checkouts, with a 60-second digital checkout finance option. Founded in 2020 and based in Gurugram, SaveIN was set up by Jitin Bhasin, Gaurav Luthra and Anurag Varma. It has focused on outpatient and elective areas including dental, eye care, veterinary, diagnostics, dermatology and alternate therapies. The startup says it onboarded over 500 healthcare and wellness clinics across five Indian cities within three months of launching its flagship product. SaveIN plans to use the new funds to accelerate product development and strengthen engineering, product, data sciences and sales teams while growing its network across the country.

Total raised

$6M

Funding rounds

3

Latest round

Seed

Latest activity

Dec 2022