AI-driven health startup 'mfine' raises USD 17.2 mln in Series B funding

mfine, an AI-driven, on-demand healthcare service, said that it has raised USD 17.2 million in Series B funding led by SBI Investment, a Japan-based venture capital firm and a subsidiary of the SBI Group. The round also saw the participation of SBI Ven Capital Pte. Ltd., Japan; BEENEXT, Singapore, Stellaris Venture Partners and Prime Venture Partners. With this fresh round of funding, the health startup has raised over USD 24 million and has 200 employees in Bengaluru & Hyderabad.

The funding will help mfine solidify its leadership position in delivering an AI-driven, on-demand healthcare service across India. Additionally, the funds will support the company's expansion plans across the country, build its AI technology and expand the recently launched additional services which include delivering medicines, conducting preventive health screenings and diagnostic tests.

Prasad Kompalli, CEO & co-founder of mfine said, "the current funding is an endorsement to mfine's unique model of working with reputed & accredited hospitals and using technology to make quality healthcare accessible to millions of people. The consumer traction proves that our model works and with this investment, we want to scale the service across the country. We are delighted to have SBI and BEENEXT on board as they share our vision of providing quality healthcare on-demand using AI and mobile tech. We see in them long term partners, in building one of the largest healthcare platforms in the world."

Image Credit: Google Play

The app-based health platform aggregates the best hospitals and their doctors having expertise in various specializations to provide on-demand healthcare services.

Main features of the mfine app:

• Online Consultations with top, experienced doctors from reputed Hospitals
• Instant Chat or Video Consultation
• Consult anytime, anywhere without prior appointments
• No additional fee to visit and follow up with the doctor at the hospital
• Continuous monitoring and pro-active Healthcare
• Get Personalized Health care at the comfort of your home
• One app, all Specialities