Healthtech startup mfine raises $17.2 million

Mfine, the health-tech AI startup, has raised $17.2 million from Japanese venture capital firm SBI Investment, SBI Ven Capital Pte Ltd and others.

BEENEXT, Singapore; Stellaris Venture Partners; and Prime Venture Partners have also participated in the series B round.

mfine said in a statement, "As part of its expansion plans, the company plans to onboard over 2,500 doctors from 250 hospitals on its platform and reach 1.5 lakh consultations a month in the next one year. "

"The company will be tripling its investments in AI, mobile engineering and hardware integration," it added.

Mfine has said that more than one lakh customers have consulted on its platform in the last 15 months. The company’s customer base is growing 30% month-on-month. It has over 500+ MD/MS doctors across 20 specialties on its platform.

Prasad Kompalli, Co-Founder of mfine, said, "We believe that India will leapfrog the methods of healthcare delivery that were adopted in the developed nations, and mobile will be at the centre of this disruption."