Total amount raised
$8.5 Million
Latest funding date
12/01/2022
Location
SaveIN has successfully raised funding over 7 rounds, with the support of 22 investors, including notable names like Oliver Jung and 10x Founders. The platform helps users discover healthcare practices and enables them to split their medical bills into monthly installments.
Keep reading to explore the intricacies of SaveIN's fundraising journey and the investors backing this innovative platform.
What Is SaveIN?
SaveIN operates at the intersection of healthcare and financial services, helping users find and book appointments with doctors while offering 0% EMI plans to manage medical expenses. The company is based in New Delhi, India, and operates in the credit, fintech, and healthcare industries.
Founded in an unspecified year, SaveIN has grown to employ between 51-100 people. The platform's primary mission is to make healthcare more accessible and affordable by providing financial solutions that allow users to split their medical bills into monthly installments.
How Much Funding Has SaveIN Raised?
- Round Name: Pre-Seed
- Amount Raised: USD 500,000
- Date: January 2022
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Round Name: Seed
- Amount Raised: INR 300,000,000
- Date: April 2022
- Lead Investors: Goodwater Capital, Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the reach of their "Care Now, Pay Later" product and grow their network of healthcare providers.
- Round Name: Seed
- Amount Raised: INR 84,000,000
- Date: May 2022
- Lead Investors: Bayhouse Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their technology and scale their operations.
- Round Name: Seed
- Amount Raised: INR 162,000,000
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their product offerings and increase market penetration.
- Round Name: Seed
- Amount Raised: INR 82,000,000
- Date: December 2022
- Lead Investors: Pioneer Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support their rapid growth and expand their customer base.
- Round Name: Series Unknown
- Amount Raised: INR 370,000,000
- Date: April 2025
- Lead Investors: 10x Founders, Leblon Capital, Oliver Jung
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their operations and enhance their service offerings.
Total Amount Raised: USD 7 million
Current Valuation: Not publicly disclosed
Key Investors
- Oliver Jung
- Details: Oliver Jung is an angel investor known for his involvement in early-stage technology startups. He has participated in multiple funding rounds for SaveIN.
- Investment Focus Areas: Startups, growth-stage companies.
- Notable Investments: SaveIN.
- 10x Founders
- Details: 10x Founders is a venture capital firm that focuses on early-stage and growth-stage investments. They have been a lead investor in multiple funding rounds for SaveIN.
- Investment Focus Areas: Technology, innovative sectors, early-stage companies.
- Notable Investments: SaveIN.
- Leblon Capital
- Details: Leblon Capital is a venture capital firm that invests in high-growth potential companies. They have participated in multiple funding rounds for SaveIN.
- Investment Focus Areas: Various sectors, high-growth potential companies.
- Notable Investments: SaveIN.
- Y Combinator
- Details: Y Combinator is a well-known startup accelerator that provides seed funding, advice, and connections to early-stage startups. They have been a significant investor in SaveIN.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Airbnb, Dropbox, Reddit.
- Goodwater Capital
- Details: Goodwater Capital is a venture capital firm that invests in consumer technology companies. They have been involved in funding rounds for SaveIN.
- Investment Focus Areas: Consumer technology, early-stage companies.
- Notable Investments: Musical.ly (now TikTok), KakaoTalk.
What's Next for SaveIN?
SaveIN is poised to capitalize on the burgeoning healthcare financing market in India. With plans to expand its "Care Now, Pay Later" product to over 1,000 healthcare and wellness providers, the company is tapping into a market of over two million providers. This expansion presents a significant growth opportunity, especially as the Indian BNPL market is expected to grow 11X by 2025.
Future fundraising opportunities appear promising, given the strong investor interest and the rapid growth of the BNPL sector. SaveIN's successful seed rounds indicate potential for larger Series A and beyond, which will support further scaling and product development.
However, challenges such as competition from other BNPL platforms and regulatory hurdles in the financial and healthcare sectors could pose obstacles. Ensuring the scalability and reliability of their platform will be crucial as they expand their network and service offerings.
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