SaveIn, a fintech startup, has raised $4 million (about Rs 30 crore) as part of its seed round from existing backer Y-Combinator and others including 10X Group, Leonis VC, and Goodwater Capital.

Nordstar, Rebel Fund, Pioneer Fund, Soma Capital and SCM Advisors also participated in the funding round.

The company said it would deploy the capital to develop its product, hire people as well as in branding.

Incepted in 2020 by Jitin Bhasin, Anurag Varma and Gaurav Luthra, SaveIn caters to healthcare needs by offering financing and credit options to patients at zero-cost equated monthly instalments (EMIs) across its network of healthcare providers.


The Gurugram-based startup covers outpatient services and elective healthcare procedures like dental, eye care, veterinary, dermatology, haircare, and fertility.

“We are planning to enhance and develop our product in the next 3-6 months…basically all the money will be used for the growth of our business,” Bhasin told ET.

The fintech startup is creating a network of healthcare providers to offer embedded finance and pay-later options at clinics across the country.

“We currently have around 500 healthcare providers on our platform; we will be onboarding around 5,000 more by the end of this year,” Bhasin added.

The company, which currently operates in the business-business (B2B) space, plans to venture into the business-to-consumer (B2C) space.

It is also working to create a hyperlocal discovery platform to cater to the healthcare needs of individuals.

“Our platform will have the combined business model of Practo and ZestMoney for healthcare. We will be aggregating private healthcare practices on one side and will make it affordable and accessible,” Bhasin added.

The company competes also with ZestMoney, LazyPay and other buy now pay later (BNPL) platforms.

However, the startup focuses only on offering credit offline to healthcare services.

Globally, SaveIn mirrors the business models of US-based Sunbit and Scratchpay.

“With $70 billion in out-of-pocket expenditure and extremely low penetration of health insurance, healthcare in India is ripe for disruption through embedded finance that can be offered to drive 3 million healthcare providers across the country,” the company said in a statement on Tuesday.