Health service app
mfine raises $4.2 million
mfine, an app-based on-demand healthcare service, said it has raised $4.2 million in Series A funding. Prime Venture Partners led the round alongside existing investors, Stellaris Venture Partners and healthcare entrepreneur Mayur Abhaya. The company said it would use the funds to build its hospital network across cities and strengthen the technology team. It aims to achieve more than 1 lakh consultations by 2018-end. “We see a huge opportunity to bring the much needed, tech-driven transformation in the $50 billion primary healthcare delivery,” said Prasad Kompalli, CEO and co-founder, mfine, in a statement. mfine said it has built an AI-powered technology system that improves doctors’ efficiency and effectiveness dramatically.