mfine raises Rs 31 crore from Alteria Capital

September 6, 2019 0 By FM

mfine, a health-tech AI start-up that enables virtual medical consultations, has raised Rs 31 crore as venture debt from Alteria Capital.

The company follows a model of partnering with leading hospitals instead of aggregating individual doctors on its platform. Currently, mfine has a network of 160 hospitals across 5 cities.

Specialist doctors from these hospitals are assisted by mfine’s AI system, improving their efficiency and effectiveness.

It has a care team of more than 80 in-house doctors working alongside the AI system. The AI engine has the ability to diagnose and triage over 1,200 common diseases by reading hundreds of health parameters in the diagnostic reports.

mfine is planning to foray into Delhi NCR, Mumbai, Chennai and Kolkata in the next six months. The company also recently raised $17.2 million in series B from SBI Investment, SBI Venture Capital, Stellaris Venture Partners and Prime Venture Partners.