Healthtech SaveIN Focus on Partnerships for Five-Fold Growth

Healthtech SaveIN provides embedded financing for various medical procedures across a network of healthcare providers, will concentrate on partnerships to increase its market share, and is projecting a five-fold increase in revenue over the coming year. It is time for the consumerization of healthcare, according to SaveIN CEO Jitin Bhasin, who also said that the company wants to democratize how people access private healthcare.

The three pillars of healthcare – access, quality, and affordability – are problems we are fixing, he asserted, and SaveIN is seeing “hyperbolic growth” and intends to become a trusted on-demand, hyperlocal healthcare network. SaveIN is being developed as a fully integrated ecosystem designed to address the problems.

The healthcare-focused fintech company serves clients looking for care in a wide range of specialties, including hair, dermatology, dental, alternative therapies like Ayurveda, ophthalmology, wellness, and fitness. About 300 operations are covered by the platform.

According to him, the company expects to increase by 5 times. In conjunction with an NBFC, “we enable consumers to borrow up to Rs 2 lakh in a fully paperless, 100% digital, and compliant manner with the RBI standards on digital lending”, said Bhasin.

The leading cities in terms of consumption are Chennai, Delhi, Mumbai, Hyderabad, Bangalore, and Gurugram. Bhasin noted that 70% of the consumers are between the ages of 25 and 45 are added, We have also noticed good take-up rate in tier-1 and tier-2 centers.

Bhasin responded that SaveIN is currently well-capitalized when asked if the business is looking to raise further funding. In total, the company has received $8 million in funding from the seed round.
On a unit economics basis, the startup is profitable, meaning it gains money with each new sale.
“We have been formed as a Financial Service Provider and interact with licensed lending companies that have RBI approval. We already have a lot of NBFCs in operation, and we’re merging with other regulated companies like banks right now,” Bhasin said.