India's Mfine raises $17.2 million to expand telemedical doctor network

Mfine, an AI health care startup headquartered in Bangalore, today announced that it has raised $17.2 million in a series B funding round led by Japan-based venture group SBI Investment, with participation from SBI Ven Capital, Beenext, Stellaris Venture Partners, and Prime Venture Partners. This comes after a $4.2 million series A round in May 2018 and brings Mfine's total raised to $24 million, according to Crunchbase. CEO and cofounder Prasad Kompalli says the funds will be used to acquire new customers and expand service across India. "We believe that India will leapfrog the methods of health care delivery that were adopted in the developed nations, and mobile will be at the center of this disruption. The current funding is an endorsement to Mfine's unique model of working with reputed and accredited hospitals and using technology to make quality health care accessible to millions of people," he said.