Launched in 2017 by Prasad Kompalli and Ashutosh Lawania, MFine is a Digital healthcare startup offering online consultations, at-home lab exams, medicine delivery, and scans, making entry to trusted healthcare simple, fast, and effective. Healthtech startup MFine has raised $48 million in a Series C funding spherical co-led by Moore Strategic Ventures and BEENEXT. The funding spherical also saw participation from current traders Stellaris Venture Partners, SBI Group Japan, SBI Ven Capital Singapore, Y’S Investment Pte Ltd., Heritas Capital, Prime Venture Partners, and Alteria Capital. “We see an enormous demand from consumers in search of an built-in care experience, and MFine has constructed the proper platform to deliver that have with its state-of-the-art know-how and a fast-growing provider network. MFine customers can seek the assistance of doctors from their most well-liked hospitals via chat or video to get prescriptions and/or routine care.

The four-year old startup is an on-demand healthcare platform which offers customers access to digital consultations with doctors via chat or video codecs. The app also permits customers to book routine lab checks, drugs delivery and access complete well being packages. The company will use the proceeds from the new round to broaden its hospital, diagnostics and e-pharmacy community across the nation, while building tech-driven care delivery merchandise for each acute and continual conditions patients. Digital healthcare startup MFine is embarking on a plan to build one of many largest digital hospitals on the earth and make high quality healthcare more accessible and effective with the utilization of AI and mobile applied sciences.

PitchBook is a financial expertise company that gives information on the capital markets. API safety startup Traceable AI, an API Security Startup announce at present it has raised $60 million in Series B funding, at a valuation of… The firm mentioned it is growing at 15 per cent month-on-month, amidst exponential adoption of telemedicine and digital health in India because the onset of the Covid-19 pandemic. Over one lakh customers use MFine for booking diagnostic tests every month, the assertion mentioned. Flock Freight, which uses AI to help shippers pool goods, raises a $215M Series D at a $1.3B valuation led by Vision Fund 2, bringing total raised to $399MThe startup makes use of AI to pool goods from shippers with less-than-truckload carriers and skip freight hubs.

“Congratulations to Prasad, Ashutosh and whole MFine group for the successful Series C near drive its growth into other Indian cities, additional reaching and benefitting the bigger Indian population. Heritas was privileged to have led the pre-Series C spherical early this year and to now take part once more within the present spherical to proceed our help classify each action as contractionary or expansionary monetary policy on constructing India’s largest digital hospital,” mentioned Chik Wai Chiew, Executive Director and CEO of Heritas Capital. In the coming months, the company can be looking to convey financial options for users together with insurance coverage partners, as a half of its product offerings.

Also over the following months, the startup, together with insurance coverage companions, will deliver monetary solutions for its corporate users, though not a lot particulars about the forthcoming providing were disclosed. MFine has a corporate subscription product that provides purchasers’ workers and their families access to on-line health consultations, psychological health counselling, preventive health check and chronic illness administration. MFine operates an internet platform with over three million users accessing online physician consultations, diagnostic checks, digital pharmacies and in-patient procedures. MFine, a well being tech startup in India, has developed a free cellular app that turns a smartphone right into a blood oxygen saturation meter. The beta model of the app is presently available on Android phones, while a trial model on iOS devices is expected to come back out in a “couple of months”, the corporate advised Mobihealth News.

With a powerful mixture of highly-experienced, compassionate docs and state-of-the-art know-how, we, at MFine, consider in delivering top-quality well being care at every step. We additionally present at-home health checks, lab exams, drugs supply and facilitate reserving of Radiology companies. “MFine’s mannequin, coupling AI technology with a strong supplier community, is highly effective in offering healthcare companies on-demand and changing the way in which we take into consideration care supply for millions internationally. We see a huge demand from consumers in search of an integrated care experience and MFine has constructed the best platform to ship that experience,” stated Hero Choudhary, managing partner, BEENEXT. Mfine, a health-tech AI startup from India has raised $17.2M in Series B funding.

Honeycomb, which develops a software observability tool utilized by firms together with Stripe and Slack, raises a $50M Series C led by Insight PartnersHoneycomb, a software observabilty platform used by firms corresponding to Stripe and Slack, has raised $50 million. The impression of Covid-19 on healthcare infrastructure, growing demand for healthcare digitization, technological advancements, and the altering digital care landscape have all contributed to business development. Over 500 corporates have partnered with MFine so as to present healthcare companies to their staff.

Since its inception, over three million customers have used MFine services with the platform clocking over 300,000 monthly transactions that embody doctor consultations, diagnostic checks, e-pharmacy and in-patient procedures. In October 2018, MFine added one other layer to its digital doctor consultations by integrating with laboratory and diagnostic providers and currently supplies its customers entry to more than 700 diagnostic centres throughout four hundred cities in India. More than 6000 medical doctors, including some of India’s top doctors from over 700 reputed hospitals practice throughout 35 specialties on MFine and serve hundreds of thousands in more than one thousand cities across India. In October 2018, the agency added one other layer to its virtual physician consultations by connecting with laboratory and diagnostic companies, giving its customers access to over seven hundred diagnostic facilities in four hundred locations all through India. On MFine, over 6000 physicians, together with a few of India’s finest medical doctors from over 700 respected hospitals, function across 35 specialties and serve tens of millions in over one thousand locations across India.

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions that can help you see tomorrow’s opportunities, at present. It seeks to develop new care supply products for acute and chronic illness sufferers. Growing at 15% month-on-month, MFine currently has over three million customers and claims to be clocking over 300,000 month-to-month transactions. In early 2021, MFine raised$16 million in fundingled by Heritas Capital and also launched an app-based SPO2 monitoring device, enabling users to maintain track of their oxygen saturation levels while not having an extra device. MFine at present has over three million customers, and the platform claims to be clocking over 300,000 month-to-month transactions. This contains doctor consultations, diagnostic tests, e-pharmacy and in-patient procedures.