Mfine Raises $48 Million From Moore Strategic Ventures, Beenext, Others

Sep 29, 2021•almost 4 years ago

Amount Raised

$48 Million

Delhi

Description

New Delhi: Digital health startup MFine on Wednesday said it has raised $48 million (about Rs 356.1 crore) in funding, co-led by Moore Strategic Ventures and BEENEXT. The series C round also saw 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, a statement said.

Company Information

Company

M Fine

Location

Delhi, Delhi, India

About

The company said it is growing at 15 per cent month-on-month, amidst exponential adoption of telemedicine and digital health in India since the onset of the Covid-19 pandemic. Digital health startup MFine on Wednesday said it has raised $48 million (about Rs 356.1 crore) in funding, co-led by Moore Strategic Ventures and BEENEXT. MFine was founded in December 2017 by Ashutosh Lawania and Prasad Kompalli, who were later joined by Ajit Narayanan and Arjun Choudhary. Over one lakh users use MFine for booking diagnostic tests every month, the statement said. MFine has more than 6,000 doctors across 35 specialties on its platform and serves users in more than 1,000 towns across India.

Funding Insights

Based on industry data

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