Savein Secures ₹37 Crore in Latest Funding Round for Healthcare Fintech
Introduction to Savein
Savein, a startup fintech company focused on healthcare, has successfully raised ₹37 crore (approximately $4.3 million) in its latest funding round. This round was co-directed by existing global investors, including the founders of 10x, Oliver Jung, and Leblon Capital, alongside new participation from Stem AI. This funding marks a significant step forward for Savein in enhancing healthcare access in India.
Previous Funding and Total Investment
Prior to this, Savein had raised ₹64 crore (around $7.5 million) during its seed funding phase. With this latest acquisition, the total funding secured by Savein has now surpassed ₹100 crore (approximately $12 million), solidifying the company’s financial foundation to innovate and expand its services in the healthcare sector.
Utilization of Funds
According to a press release, the funds will primarily be utilized to scale Savein’s interest-free EMI offers, expand its healthcare network, and accelerate the development of new products, including their innovative wellness platform, Welup. This strategic use of funds aims to enhance the overall impact Savein has on healthcare accessibility.
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Focus on Healthcare Access
Established in 2022 by Jitin Bhasin, Savein is dedicated to improving access to outpatient healthcare services. The company has built a robust network of over 7,000 health and wellness centers across India. Savein provides an EMI payment option for various healthcare services, including dental, dermatology, fertility treatments, hair care, fitness, Ayurveda, and homeopathy, allowing patients to access necessary treatments without financial strain.
Innovative Payment Solutions
Headquartered in Gurugram, Savein has developed a QR code-based payment system in collaboration with leading financial institutions, such as HDFC Bank, ICICI Bank, and IDFC First Bank. This system aims to simplify and expedite healthcare payments for users, making financial transactions easier and more efficient in the healthcare space.
Introduction of Welup
Recently, Savein launched Welup, a modern B2B wellness platform designed to assist organizations in providing employee wellness benefits. The platform offers a range of services, including on-demand medical consultations, mental health programs, AI-driven meal planning, diagnostic checks, and holistic therapy options. This initiative represents Savein’s commitment to enhancing employee health and well-being in workplaces across India.
Future Outlook and Growth
In just three years, Savein has managed to process over 500,000 customer applications, demonstrating their effectiveness and reach in the healthcare market. The company has reported a remarkable 250% increase in revenue for the financial year 2025, supported by a stable unit economy. Looking ahead, Savein is well-positioned to continue its growth trajectory and further transform the healthcare landscape in India.