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Healthtech Startup mfine Raises $17.2 Million in Series B round

23Apr By NitishNo Comments

FUNDING

Healthtech Startup mfine Raises $17.2 Million in Series B round

mfine, a health-tech AI startup raises $17.2 million in Series B funding led by Japan-based venture capital firm and SBI investment. Singapore-based SBI Ven Capital which is SBI Group's Southeast-Asian investment arm and tech-focused global venture capital firm BEENEXT also participated in the round alongside existing investors, Stellaris Venture Partners and Prime Venture Partners. Over 100,000 customers have consulted on mfine in the last 15 months and customer base is growing 30% month over month. More than 500 MD/MS doctors, including some of India's top doctors from over 100 reputed hospitals practice across 20 specialties on mfine. Collectively, they have been able to expand their reach beyond the physical boundaries of the cities and have served over 800 towns in India. On ...

20May By Sheldan RungasamyNo Comments

FUNDING

Startups Who Got Funded Last Week

This week featured 9 funding articles amounting to $61.7 million (Rs 410 crores) (excluding two companies as their funding sum was undisclosed). FreightBazaar FreightBazaar, India’s first online portal for truck hiring intended for businesses, recently raised a pre-Series A funding round with Omphalos Ventures India leading the funds of an undisclosed amount. The funds raised will serve the purpose of scaling up operations and expanding its business to several new cities, while also improving its technology to facilitate processes and procedures. Clarity Communications Clarity Communication, a startup focused in PR and celebrity endorsement raised an undisclosed amount of funding from Atraxn Partners. The funds will serve to f...

18May By Sheldan RungasamyNo Comments

FUNDING

Health-tech Startup Founded by Former Myntra Execs Raises Funding

Mfine, a health-tech startup focused predominantly in Artificial Intelligence recently raised a Series A funding round of $4.2 Mn led by Prime Venture Partners. This round of funding also saw the participation of existing investors such as Stellaris Venture Partners and Mayur Abhaya who is also an entrepreneur in healthcare. This is the second time that the company is raising funds, having previously raised $1.5 Mn from Stellaris Venture Partners in September 2017. The funds raised will serve the purpose of building the hospital networks across cities while strengthening the team behind the manufacturing of the technology. It is also targeting making over 1-lakh consultations coming end of 2018 and sign partnership deals with 50 additional hospitals in India. Mfine saw the day in ...

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

1Sep By PriyankaNo Comments

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...