KUALA LUMPUR, Sept 29 (Bernama) -- India’s leading Digital Health startup MFine has announced a US$48 million Series C funding round co-led by Moore Strategic Ventures and BEENEXT, with participation from existing investors, Stellaris Venture Partners, SBI Group Japan, SBI Ven Capital Singapore, Heritas Capital, Prime Venture Partners, Y’S Investment Pte Ltd. and Alteria Capital. (US$1 = RM4.186)
MFine aims to build one of the Largest Virtual Hospitals in the world and make high quality healthcare more accessible and effective with the use of AI and mobile technologies.
Towards that vision, MFine is enabling clinical decision support for doctors using AI and bringing vitals monitoring and health management to consumers’ smartphones.
Since its inception, over three million users have used MFine services with the platform clocking over 300,000 monthly transactions that include doctor consultations, diagnostic tests, e-pharmacy and in-patient procedures.
While over 100,000 users use MFine for booking diagnostic tests every month, MFine grows 15 per cent month on month, amidst exponential adoption of telemedicine and digital health in India since the onset of the COVID-19 pandemic.
Over 500 corporates have partnered with MFine to enable wide ranging services covering over 500,000 employees.
In a statement, MFine CEO & cofounder, Prasad Kompalli said: “We will continue to invest in deep tech to transform every smartphone into a health companion for consumers and a decision support assistant to all doctors.
“We will also be looking to expand our network across India and make our services available widely. We are very excited about the future of digital health in India and we look forward to working with our partners, investors and the government to build and scale this further.”
BEENEXT Managing Partner Hero Choudhary said: “MFine’s model, coupling AI technology with a strong provider network, is powerful in providing healthcare services on-demand and changing the way we think about care delivery for millions across the world.”
For details, visit https://www.mfine.co/.
-- BERNAMA
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