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mfine secured venture debt from Alteria Capital

mFine which is a Bangalore based health care technology startup has now secured INR 31 crore of venture debt from the Alteria Capital. Armed with the new funding, the startup that allows the patients to get access to the quality healthcare remotely with the help of a smartphone, is looking to expand its scope of operations.

The company also has an intention to foray into the Chennai, Delhi NCR, Kolkata, and Mumbai with the help of new funding. In the funding round of Series B, it had also secured $17.2 Million.

The company has already secured a network of 160 hospitals from the top cities with more than 2500 doctors into the virtual platform of Hospital. The company also revealed that it would also be going to triple its investment in mobile engineering, hardware integration and AI.

The company has already built a network of 160 hospitals across five cities and assist specialist doctors from these hospitals with an AI led system to help them improve efficiency and increase effectiveness.

mFine was founded in the month of February 2017 by the Myntra Co-founder and Former Business head of Myntra. The startup as of now had secured $28 Million and has more than 300 employees across Hyderabad and Bangalore.

Source: mFine



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