India-based Mfine has secured $17.2 million USD in Series B funding to expand and continue to grow the company. The round was led by Japan’s SBI Investment contributions from SBI Ven Capital and Beenext, another Japanese investor. Existing investors Stellaris Venture Partners and Prime Ventures also contributed in this round. This brings Mfine’s total capital raised to $23 million USD.
“In India, at a macro-level, good doctors are far and few and distributed very unevenly,” CEO Prasad Kompalli said in an interview with TechCrunch. “We asked ‘Can we build a platform that is a very large hospital on the cloud?,’ that’s the fundamental premise.” Mfine’s goal is to leverage the internet to broaden access to doctors and healthcare.