India’s first Buy now Pay later platform for healthcare, SaveIN has raised $4 million (Rs 30 crore) in seed funding from leading investors based in Silicon Valley and Europe.
Part of Y-Combinator’s Winter 22 batch, the Gurgaon based startup, has secured funding from top institutional investors including Y-Combinator, 10X Group, Leonis VC, Goodwater Capital, Nordstar, Rebel Fund, Pioneer Fund, Soma Capital and SCM Advisors.
The round also saw participation from Oliver Jung, counted among Europe’s top angel investors, Grant Park Ventures, Leblon Capital, Almagro GmbH, MyAsiaVC, Kube VC, Spenmo Founder Mohandass Kalaichelvan and serial healthcare entrepreneur Vimal Kavuru among others.
Jitin Bhasin, Founder & CEO, SaveIN said, “We are humbled by the overwhelming response and support of world class investors, who are backing our vision to revolutionize private healthcare in India. We aim to utilize these funds for accelerating product development, strengthening in-house teams in engineering, product, data sciences, and sales while growing our network of healthcare practices across the country”
“Private healthcare in India is riddled with challenges of Access, Transparency, Quality and Affordability. We at SaveIN, aim to create India’s largest integrated private healthcare ecosystem, addressing these challenges through technology first solutions, thereby enabling millions of Indians to avail timely and quality care through enhanced affordability. In the process we aim to make healthcare providers across India serve up to 50% more patients through affordable EMIs”, Jitin Bhasin added.