Health-tech startup, mFine which offers on-demand healthcare solutions has raised $4.2 million in series-A funding from investors. Prime Venture Partners, Stellaris Venture Partners, and healthcare entrepreneur Mayur Abhaya participated in the recently concluded funding round.
mFine, which till now has raised $6 million in funding with its app facilitating about 10,000 consultations, will use fresh funding to build the hospital network across cities. The funding will also help the company to strengthen its technology team.
Bengaluru based startup aims to partner with 50 hospitals by year-end.
Founded by former Myntra executives Prasad Kompalli and Ashutosh Lawania in December 2017, the healthcare app, mFine caters patients with access to online consultations and care programmes from different hospitals.
“We partner with well-known hospitals, instead of tying up with individual doctors. Currently doctors from 15 hospitals like CloudNine, Aster, and Ovum are on our platform and provide consultation for patients in nine specialties. For working mothers with a sick child it really helps if they can avoid the commute, waiting period, consultation — nearly 2-3 hours of time on a busy weekday — and instead use our app for access to a doctor,” said Prasad Kompalli.
Shripati Acharya, managing partner, Prime Venture Partners, said, “Teleconsult and on-demand healthcare is poised to fundamentally transform healthcare delivery in India. mfine has taken an innovative hospital-first approach where experienced doctors and specialists from established hospital brands are available directly on the app.”