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Health-tech startup mfine raises $17.2 mn in Series B funding

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Health-tech startup mfine has raised $17.2 million in Series B funding, led by SBI Investment, a Japan-based venture capital firm and a subsidiary of the SBI Group.

Other investors who participated in funding round include Singapore-based SBI Ven Capital, SBI Group’s Southeast-Asian investment arm and tech-focused global venture capital firm BEENEXT along with existing investors.

Leveraging Artificial Intelligence, the Bengaluru-based startup facilitates virtual consultation with doctors. Through the app, one can seek doctors’ help anytime, anywhere.

Also read: SBI donates medical equipment to Sankara Nethralaya

Founded in February 2017 by Ashutosh Lawania and Prasad Kompalli, mfine plans to use the funds to expand its hospital network across the country. It addition, the fund will be leveraged to build its AI technology, and expand its recently launched additional services, which include delivering medicines and diagnostic tests.

Shedding light on how mfine contributing to boost patient care, Prasad Kompalli, said: “The current funding is an endorsement of mfine’s unique model of working with reputed and accredited hospitals, and using technology to make quality healthcare accessible.”

“With an on-demand model and state-of-the-art AI and mobile tech, mfine stood out for us with great potential to deliver large scale impact in healthcare delivery in India,” Tomoyuki Nii, Executive Officer of SBI Investment said.

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