Bengaluru based AI health tech start-up raises ₹31 cr from Alteria Capital - H Y R Tutorials

Bengaluru based AI health tech start-up raises ₹31 cr from Alteria Capital

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Bengaluru-based startup NovoCura Tech Health Services Pvt Ltd, which owns the mfine healt-tech app, said on Tuesday it has raised Rs31 crore as venture debt from Alteria Capital.

In April, the startup raised $17.2 million in series B funding from SBI Investment, SBI Ven Capital, Stellaris Venture Partners and Prime Venture Partners.

The AI-powered healthcare platform, which connects individuals to doctors online, plans to expand hospital network to Delhi NCR, Kolkata, Mumbai, Chennai in the coming six months.

mfine was founded in February 2017 by Ashutosh Lawania (Myntra co-founder) and Prasad Kompalli, a former business head at Myntra. The founders were later joined by Ajit Narayanan, ex-Myntra CTO, Arjun Choudhary, ex-Myntra head of growth marketing.

Including the current funding round, the startup has raised over $28 million and has 300 employees in Bengaluru & Hyderabad.

The company plans to bring together over 250 hospitals, from 10 cities with more than 2500 doctors onto its virtual hospital platform as it aims to triple its investments in AI, mobile engineering and hardware integration stated, the company in a press release.

mfine follows a model of partnering with leading and trusted hospitals instead of aggregating individual doctors on its platform.