Indian Healthtec Startup Mfine Gets $48m In Funding


Since its inception, over 3 million users have used MFine providers with the platform clocking over 300,000 month-to-month transactions that include physician consultations, diagnostic tests, e-pharmacy and in-patient procedures. In October 2018, MFine added another layer to its virtual doctor consultations by integrating with laboratory and diagnostic services and currently supplies its customers entry to more than seven hundred diagnostic centres throughout four hundred cities in India. Over one hundred,000 customers use MFine for reserving diagnostic checks each month. More than 6000 medical doctors, together with some of India’s high doctors from over 700 reputed hospitals follow throughout 35 specialties on MFine and serve millions in additional than 1000 towns across India. It presents products similar to hardware-based POS terminals, QR-based cost options, link-based payment solutions, and extra. It also offers POS loans for buy financing, Mcard for EMV-enabled pay as you go playing cards, Money Store for retailers so as to discover software program with built-in payments, and more.

In October 2018, the firm added another layer to its digital doctor consultations by connecting with laboratory and diagnostic providers, giving its shoppers entry to over seven-hundred diagnostic facilities in 400 areas throughout India. Every month, over 100,000 clients e-book diagnostic checks with MFine. On MFine, over 6000 physicians, together with a few of India’s finest docs from over seven hundred respected hospitals, function throughout 35 specialties and serve millions in over a thousand areas across India. MFine, an Indian digital well being startup with an internet platform that permits people to access checks, doctors and more, has raised $48m in Series C funding. Founded in 2017, MFine says it was using the funding to develop new merchandise to for sufferers affected by acute and persistent disease. Over three million people has used its platform in India, while over 6,000 docs signed up.

As part of our expansion plans in India, we’re moreover engaged on making our companies obtainable to a wider market, mentioned Prasad Kompalli, MFine’s chief government officer and co-founder. With over three million transactions logged every month, MFine claims to have served greater than 3 million prospects. The newly raised spherical will assist the healthtech startup lengthen its management in digital health with investments into increasing its diagnostics, hospital, and e-pharmacy community across the country. Moreover, the raised funds will assist the startup in constructing tech-driven care supply merchandise for each acute and chronic conditions patients. MyMoneyMantra is a web-based market & comparison platform of economic merchandise.

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