Fintech Startup SaveIN is raising funds in its funding round

On Monday, healthcare fintech startup SaveIN announced that it had raised an undisclosed amount of funding through its seed round led by Pioneer Fund.

The 2020 startup founded by Anurag Varma, Gaurav Luthra, Jitin Bhasin has investors in the form of Y-Combinator, 10X Founders, Goodwater Capital, Bayhouse Capital, Soma Capital and Leonis Investissement and has raised $8 million in the past nine months .

Speaking on the occasion, Jitin Bhasin, Founder and CEO, SaveIN said, “We are truly humbled by the unwavering support we continue to receive from investors and partners alike. This round of funding from existing investors, especially in the current phase, is an unprecedented support. by our unique approach to building a truly transformative and needs-based business at the intersection of healthcare and finance We will continue to invest in people, products and distribution, to realize our vision of enabling high-quality hyperlocal healthcare with improved affordability for one and all. Being healthy is priceless and SaveIN is committed to simplifying healthcare for Indians using the best in technology and relentless execution.”

Gurgaon-based SaveIn is built with the intention of facilitating accessibility and affordability in the healthcare sector, enabling healthcare professionals to deposit customer bills at 0% EMI. The start-up collaborates with recognized banks, non-bank financial companies and payment partners.

Earlier this year, the Y-Combinator-backed firm launched its product under the name Care now, Pay later. The product has now expanded to cover over 2,500 health and wellness centers across 50 Indian cities. During its phase one, SaveIN covered outpatient healthcare services such as dental, dermatology, eye, veterinary, hair care, gym membership, preventive wellness and alternative therapies among others.

On a successful funding round for SaveIn, Tiffany Kuo, Senior Venture Partner at Pioneer Fund shared “We have been an early supporter of SaveIN and a strong believer that making healthcare more affordable is a huge unmet need and thus presents unprecedented opportunities during the next decade. While the problem SaveIN solves has universal appeal, we’ve been watching their execution closely in the Indian market and couldn’t be more excited to double our investment. They’ve run an extremely efficient business while scaling up rapidly since its launch earlier this year. We are confident that the SaveIN team is best positioned to address this huge market in India and beyond over the next few years.”