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Medfine Raises $ 15 Million in Funding Round

CIO Insider Team | Monday, 11 April, 2022
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Health care start up Medfine raised $ 15 million in funding round led by investors including Axilor Ventures, Sony and Kotak Investments.

The company offers patients the latest surgical treatment procedures at affordable prices. It will use the funding for geographical expansion, investing in R&D, technology, and hiring people. Medfin raised $ 4 million in previous funding round.

Founded in 2017 by Arjun Kumar, Arun Kumar, and Sidharth Gurjar, Medfin offers surgeries across departments like ophthalmology, orthopaedics, among others. It currently operates in some of the major cities and offers more than 250 daycare surgical procedures.

According to the company it plans to expand to more than 25 cities across the country. Medfin helps patients navigate the entire surgical and related diagnostics processes, including connecting them with surgeons, finding the right course of treatment, performing cost estimates, and insurance coverage checks.

Arjun Kumar, founder and CEO, Medfin says, “a large part of the population in India falls in the low to medium income bracket and daycare surgeries can really benefit them. At Medfin we combine value-based care, advanced technology, and superior patient experience to deliver better health outcomes while containing costs.”

in India, elective surgeries become emergency surgeries because patients wait till the eleventh hour, mostly due to the hassles and expenses involved in the process

Vikram Kailas, Arka Nxt Ventures says, “what Medfin is doing will redefine surgical care in India. They are well on their way to becoming India’s largest day-care surgery provider.”

According to the company, in India, elective surgeries become emergency surgeries because patients wait till the eleventh hour, mostly due to the hassles and expenses involved in the process. Making it an affordable and hassle-free experience, will change this mindset and provide a better quality of life.

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