Healthtech Startup ‘MFine’ Raises $16 Million In Funding Led By Heritas Capital

MFine, a Healthtech startup, has raised $16 million in funding led by Heritas Capital.

The Singapore-based family office of Y’S Investment Pte Ltd also participated in the funding round. Existing investors SBI Investment, SBI Ven Capital, BEENEXT, and Alteria Capital have also followed-on in the round.

As per the startup, it plans to utilise the funds for tripling its investments in AI, mobile engineering and device integration.

MFine also plans on expanding its hospital network across the country, scaling the recently launched services which include delivering medicines, preventive health screenings, and diagnostic tests.

Started by Prasad Kompalli and Ashutosh Lawania in 2017, MFine offers online consultations, at-home lab tests, medicine delivery and scans to make your access to trusted healthcare simple, fast, and effective.

The healthtech startup believes in improving the overall health care delivery experience to help you heal quicker and better without having to wait needlessly.

Speaking about MFine, Prasad Kompalli, Co-founder and CEO of MFine, said,

“Our vision of digital health as a solution to scale quality healthcare delivery has been accelerated by two years. The entire ecosystem is now on an accelerated transformation with the Indian government also introducing the National Health Stack. India is on the cusp of redefining healthcare delivery, and we are actively engaged in shaping and leveraging this big shift.”

MFine has seen more than one million users since the outbreak of COVID-19 pandemic and claims to have over 4,000 doctors on its platform, of which 600 are top doctors from reputed hospitals covering 35 specialities.

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