Health-tech AI startup mfine raises $17.2 mn from SBI Investment, others
23 April 2019 3:53 AM GMT
The investment was led by SBI Investment, a Japan-based venture capital firm and a subsidiary of the SBI Group.mfine plans to use the funds to expand its hospital network across the country, build its AI technology and expand the recently launched additional services
- Bengaluru: mfine , a Bengaluru-based health-tech AI startup, has raised $17.2 million in Series B funding.
- The investment was led by SBI Investment, a Japan-based venture capital firm and a subsidiary of the SBI Group.
- Singapore-based SBI Ven Capital, SBI Group's Southeast-Asian investment arm and tech-focused global venture capital firm BEENEXT, also participated in the round alongside existing investors, Stellaris Venture Partners and Prime Venture Partners .
- Increased internet penetration, rise in digital payments and big-ticket government initiatives like Ayushman Bharat are bringing in venture capital investment in home-grown health-tech startups.