About Mfine
Mfine is a company based in Bengaluru (India) founded in 2017 by Ashutosh Lawania.. Mfine has raised $87.66 million across 9 funding rounds from investors including SBI Group, LifeCell and Alteria Capital. The company has 426 employees as of December 11, 2024. Mfine operates in a competitive market with competitors including MediBuddy, Practo, API Holdings, CureBay and CallHealth, among others.
- Headquarter Bengaluru, India
- Employees 426 as on 11 Dec, 2024
- Founders Ashutosh Lawania
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Novocura Tech Health Services Private Limited
- Date of Incorporation 16 Feb, 2017
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$4.14 M (USD)-33.82as on Mar 31, 2023
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Net Profit
$-10.35 M (USD)58.18as on Mar 31, 2023
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EBITDA
$-9.39 M (USD)61.54as on Mar 31, 2023
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Total Equity Funding
$87.66 M (USD)
in 9 rounds
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Latest Funding Round
$48 M (USD), Series C
May 31, 2021
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Investors
SBI Group
& 26 more
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Employee Count
426
as on Dec 11, 2024
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Funding Insights of Mfine
Mfine has successfully raised a total of $87.66M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $48 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series C — $48.0M
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First Round
First Round
(26 Jun 2017)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series C - Mfine | Valuation | Caretech , Beenext | |
| Aug, 2020 | Amount | Debt – Venture - Mfine | Valuation |
investors |
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| Aug, 2020 | Amount | Series B - Mfine | Valuation | Caretech , Alteria Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mfine
Mfine has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SBI Group, LifeCell and Alteria Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage startups across fintech, software, and other sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mfine
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mfine
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mfine Comparisons
Competitors of Mfine
Mfine operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MediBuddy, Practo, API Holdings, CureBay and CallHealth, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering multiple healthcare services
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Digital healthcare tools are offered for pharmacies and clinics management.
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| domain | founded_year | HQ Location |
Healthcare services are delivered via an online platform.
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| domain | founded_year | HQ Location |
Integrated at-home healthcare services, including tele-consultation and diagnostics, are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mfine
Frequently Asked Questions about Mfine
When was Mfine founded?
Mfine was founded in 2017.
Where is Mfine located?
Mfine is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Mfine a funded company?
Mfine is a funded company, having raised a total of $87.66M across 9 funding rounds to date. The company's 1st funding round was a Series B of $16.37M, raised on Jun 26, 2017.
How many employees does Mfine have?
As of Dec 11, 2024, the latest employee count at Mfine is 426.
What is the annual revenue of Mfine?
Annual revenue of Mfine is $4.14M as on Mar 31, 2023.
What does Mfine do?
Provider of online doctor consultations, at-home lab tests, and health packages. This includes consultations across various specialties, at-home collection of samples for lab testing, and comprehensive health check packages. The company also offers online ordering of medicines and access to diagnostic imaging services such as X-rays and MRIs. Long-term care programs for specific health conditions are available, along with self-assessment tools for various health risks. Personalized skincare products are also offered.
Who are the top competitors of Mfine?
Who are Mfine's investors?
Mfine has 27 investors. Key investors include SBI Group, LifeCell, Alteria Capital, Stellaris Venture Partners, and Prime Venture Partners.
What is Mfine's valuation?
The valuation of Mfine is $192.01M as of Aug 2020.
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