SaveIN, a Gurugram-based fintech startup, has raised $1.1 million in an extended seed round led by Bayhouse Capital.

With this round, the total investment raised by the Gurugram-based fintech startup reaches over $5 million.

As per the startup, the capital raised from this extended seed round will be deployed mainly towards product development.

SaveIN | Making Quality Healthcare Accessible And Affordable

Founded by Jitin Bhasin, Anurag Varma and Gaurav Luthra in 2020, SaveIN aims to revolutionize how Indians access quality healthcare with enhanced affordability through on-demand credit. It offers financing and credit options to patients at zero-cost equated monthly instalments (EMIs) across its network of healthcare providers.

Speaking about the development, Jitin Bhasin, Co-founder of SaveIn, said,

“The buy-now-pay-later segment in healthcare is huge, and we at SaveIN have grown over 15 times in revenue…this is reflective of strong signs of early product-market fit, and we are confident of revolutionizing how Indians consume healthcare products and services.” 

Currently, SaveIN offers its instant zero-cost EMI products to over 600 healthcare providers across 15 cities. It covers outpatient services and elective healthcare procedures like dental, eye care, veterinary, dermatology, haircare, and fertility.

In April 2022, the Gurugram-based fintech startup raised $4 million (about Rs 30 crore) as part of its seed round from existing backer, Silicon Valley’s famed accelerator Y Combinator, and others, including 10X Group, Leonis VC, and Goodwater Capital.

Its been raining money for fintech startups, and several fintech startups have raised funds this year. In April 2022, the Indian startup ecosystem received $2.6 Bn in funding, wherein fintech startups secured 24.1% of the total funding, as per a report by Inc42.

This month alone, several fintech startups, including Three Wheels United, BharatX, Multipl and SME-focused neobanking platform Open, have raised funds.

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