Thursday, March 28

Tag: Ajit Narayanan

Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn From Stellaris Venture Partners
FUNDING

Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn From Stellaris Venture Partners

Former Myntra executives Prasad Kompalli and Ashutosh Lawania's health tech startup Mfine, has raised $1.5 million in its first round of funding led by Stellaris Venture Partners. The funding round also saw participation from Mayur Abhaya and Rohit MA, healthcare entrepreneurs from Stellaris’ Founder Network. Kompalli, who spent four years with Myntra, and Lawania, who cofounded Myntra, both left the company around December 2016 and started tinkering with the idea of using artificial intelligence in healthcare. “We got excited about the application of artificial intelligence in healthcare and changing the consumer experience,” said Kompalli. “We see a huge opportunity to build a consumer focused digital health platform in India.” The duo is joined at Mfine by former Myntra CTO Ajit...