Healthcare-Fintech Startup SaveIN Raises INR 37 Cr, Targets 3x Growth & Break-Even in FY26

Y-Combinator-backed firm sees strong demand for its wellness credit platform, eyes INR 1,000 Cr in annual healthcare EMIs

Healthcare-fintech startup SaveIN has raised INR 37 Cr in a fresh funding round led by existing global investors including 10x Founders, Oliver Jung, and Leblon Capital, with new participation from Stem AI.

The round takes the total capital raised by the Y-Combinator-backed company to over INR 100 Cr.

Founder and CEO Jitin Bhasin described the funding as “opportunistic,” noting that the company wasn’t actively seeking capital but chose to raise it to accelerate the growth of its B2B wellness credit platform, Welup.

"Our existing investors topped up. We weren’t necessarily in need of money, but we took this funding to grow Welup," Bhasin said, adding that the round signals “trust, opportunity, and responsibility.”

Founded in 2022, SaveIN aims to break even at the organizational level in FY25 and targets 3x revenue growth in FY26.

"We’ve been unit economics profitable for over a year now," Bhasin said. "That would be a unique outcome among startups, growing 3x while becoming profitable."

Wellness Financing Platform Finds Market Fit

The company reported a 250% jump in revenue for FY25, having processed over five lakh customer applications to date. SaveIN currently facilitates INR 500 Cr annually in no-cost EMIs for healthcare services and aims to cross INR 1,000 Cr in the current financial year.

Through its Welup platform, SaveIN offers a healthcare credit line of up to INR 5 lakh for employees, enabling them to finance services like dental procedures, dermatology, mental health consultations, and fertility treatments via 0% EMIs, categories largely ignored by traditional health insurance.

"Employees today want preventive care. They want daily healthcare. They want access to services that enable them to achieve superior health outcomes rather than end up in a hospital bed," Bhasin said.

SaveIN has found strong demand in fertility, dermatology, and Ayurveda segments, carving out a modern alternative to legacy health coverage options.

"We started SaveIN to allow people to access private healthcare and pay for it using easy EMIs, just like how you’d buy a phone or refrigerator," Bhasin noted.

While acknowledging international potential, Bhasin confirmed that the company’s focus remains squarely on India.

"Once we feel we’ve done justice to this market, we’ll think about expanding abroad," he said.

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