Ashneer Grover to launch ZeroPe, for medical loans

Ashneer Grover, Bharat Pe MD

Rama Krishna Sangem

Serial entrepreneurs will never keep quiet! BharatPe co-founder and former managing director Ashneer Grover will soon be lanching  a new venture in the fintech space with ZeroPe, an app designed for exclusively medical loans, reported Moneycontrol. ZeroPe, currently in its testing phase, has been developed by Third Unicorn, according to its Google Playstore listing.

ZeroPe app is set to provide instant pre-approved medical loans of up to Rs 500,000 in collaboration with Delhi-based Non-Banking Financial Company (NBFC) Mukut Finvest. The service is exclusively available at partnered hospitals, as mentioned on the ZeroPe app website.

Grover’s entry into this arena adds to a growing trend, with businesses like SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko, and Mykare Health already offering instant financing solutions for medical bills and elective treatments.


Integrating medical networks

In January 2023, Grover, along with his wife Madhuri Jain Grover and Chandigarh-based entrepreneur Aseem Ghavri, launched Third Unicorn.

Third Unicorn started out with CrickPe to compete with rivals such as Dream11, Mobile Premier League (MPL), and Games24x7’s My11 Circle. The company raised $3.5 million in a seed funding round led by ZNL Growth Fund, with participation from Vevek Ventures Investments and Rishaayu LLP.

The digital landscape is witnessing a surge in startups offering data-driven medical loans catering to various healthcare needs, including hospitalisation, home care, and chronic care management. These startups aim to integrate hospital networks, health insurance providers, and government healthcare schemes into their offerings.

A joint report by consulting firm Boston Consulting Group and Singapore-based venture capital firm B Capital projects India’s digital healthcare market to potentially generate $37 billion in revenue by 2030, with healthcare financing estimated to contribute $5 billion to this figure.

Rama Krishna Sangem

Ramakrishna chief editor of excel India online magazine and website

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Rama Krishna Sangem

Excel India national news magazine is a media startup founded and piloted by Rama Krishna Sangem, a Hyderabad based senior journalist with over three decade experience in the field of media, mostly in print journalism. His rich experience in reporting for both Telugu and English newspapers and heading a TV news channel and some online outfits will be of immense use to this venture. Excel India English news magazine seeks to fill the gap of analytical understanding to our readers who today are confronted with myriad media platforms. Our online version not only offers regular updates and commentary on happenings around us, but also gives larger stories not limited by space constraints of a print magazine. Excel India is ably run by a team of senior journalists committed to values and quality standards in the profession. We urge you all to support and guide us in this endeavour. Reach us at