SaveIN, a healthcare fintech firm located in Gurugram, has acquired further funding thanks to the quick expansion the business has shown in its first year of operation.
According to a statement released by the firm, the Y-Combinator-backed startup has now collected $8Mn in total over the past nine months, making it one of the bigger early stage rounds among Indian entrepreneurs in 2022.
One of the company’s initial investors, Silicon Valley-based Pioneer Fund, is leading the new round.
Y-Combinator, 10X Founders, Bayhouse Capital, and Leonis Fund are a few of the company’s other important institutional investors.
“We are truly humbled by the unwavering support we continue to receive from investors and partners alike. This funding round from existing investors, especially in the current phase, is a standout endorsement of our unique approach towards building a truly transformational business and need based business at the cusp of healthcare and finance. We will continue to invest in People, Product and distribution, to realize our vision of facilitating hyper-local, quality healthcare with enhanced affordability for one and all. Being healthy is priceless and SaveIN is committed to simplifying healthcare for Indians using the best of technology and relentless execution,” SaveIN Founder and CEO, Jitin Bhasin, said.
Tiffany Kuo, Senior Venture Partner, Pioneer Fund, said, “We have been an early backer of SaveIN and a big believer that making healthcare more affordable is a great unmet need and thus offers unprecedented opportunities over the next decade. While the problem SaveIN is solving has a universal appeal, we have closely observed their execution in the India market and couldn’t be more excited to double down on our investment. They have run an extremely efficient business while scaling up rapidly since their launch earlier this year. We are confident that team SaveIN is best placed to address this vast market in India and beyond over the next few years.”