What is MFine?
MFine operates as an AI-driven, on-demand healthcare platform that bridges the gap between patients and premier medical institutions. Unlike traditional aggregators that focus on individual practitioners, MFine partners directly with trusted hospitals to provide virtual consultations, routine lab tests, and comprehensive health management programs. Founded in 2017 by Ashutosh Lawania and Prasad Kompalli, the platform utilizes proprietary technology to facilitate seamless interactions between users and healthcare providers, ensuring that quality medical advice is accessible via chat or video interfaces. This approach has positioned MFine as a critical component of the modern digital health infrastructure, particularly in markets where hospital-led care is the gold standard for patient trust and clinical outcomes.
How much funding has MFine raised?
MFine has raised a total of $73.5M across 4 funding rounds:
Series A
$4.2M
Series B
$5.3M
Other Financing Round
$16M
Series C
$48M
Series A (2018): $4.2M, investors not publicly disclosed
Series B (2020): $5.3M led by Caretech Pte
Other Financing Round (2021): $16M supported by BEENEXT, Alteria Capital, SBI Investment Korea Co., Heritas Capital Management Pte. Ltd., SBI Ven Capital, and Y'S Investment
Series C (2021): $48M featuring SBI Group Japan, Stellaris Venture Partners, Moore Strategic Ventures, and Beenext
Key Investors in MFine
Stellaris Venture Partners
Stellaris Venture Partners is an early-stage, technology-focused investment firm that is sector-agnostic. They are committed to supporting founders in building resilient businesses from the ideation stage to revenue milestones.
Beenext
BEENEXT is a founder-first venture capital firm that supports bold ideas from innovative entrepreneurs across various sectors, emphasizing collaboration and the sharing of knowledge.
SBI Ven Capital
SBI Ven Capital is a prominent private equity and private credit firm that focuses on investments in the financial services and technology sectors across Asia, with a strong interest in health tech.
What's next for MFine?
With the successful closure of this major enterprise-level funding, MFine is well-positioned to scale its operations and deepen its integration within the healthcare value chain. The strategic focus will likely shift toward enhancing the AI-driven diagnostic capabilities of the platform and expanding its footprint in new geographic regions. By prioritizing partnerships with leading hospitals and investing in robust backend technology, the company aims to capture a larger share of the virtual care market. As the demand for remote health services continues to rise, MFine's ability to provide a reliable, hospital-backed digital experience will be a key differentiator in its long-term growth strategy.
See full MFine company page
