Ashneer Grover Makes A Comeback To Fintech After BharatPe Fiasco, Launches App For Medical Loans

Ashneer Grover, co-founder and former managing director of BharatPe, is making a comeback in the fintech sector with a new app called ZeroPe, designed for medical loans.

What Happened: Currently in testing, ZeroPe is a product of Third Unicorn, a company Grover founded post-BharatPe.

ZeroPe, in collaboration with the Delhi-based Non-Banking Financial Company (NBFC) Mukut Finvest, will offer instant pre-approved medical loans up to ₹5 lakhs.

Grover established Third Unicorn with his wife Madhuri Jain Grover and Chandigarh-based entrepreneur Aseem Ghavri in January 2023.

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What to know: Third Unicorn first ventured into the market with CrickPe, a fantasy gaming platform, in 2023, which competes against industry giants like Dream11, Mobile Premier League (MPL), and Games24x7‘s My11Circle. It successfully raised $3.5 million in a seed funding round led by ZNL Growth Fund, with contributions from Vevek Ventures Investments and Rishaayu LLP.

ZeroPe joins a growing list of services such as SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko, and Mykare Health, all offering instant financing solutions for medical expenses and elective treatments.

According to a report by Boston Consulting Group and B Capital, this sector, part of India's expanding digital healthcare market, will generate $37 billion (₹3.08 lakh crore) by 2030, with healthcare financing anticipated to reach $5 billion (₹41,701 crore).

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Posted In: FintechStartupsTechAshneer GroverBharatPeZeroPe
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