Bengaluru-based healthcare platform Medfin has raised $15Mn in Series B funding from a group of marquee investors including Arka Nxt, HealthXCapital (Singapore), Blume Ventures, Axilor Ventures, Sony, and Kotak Investments.
Medfin offers patients access to the latest surgical treatment procedures at affordable prices in the most hassle-free manner. Medfin’s unique model offers surgeries across departments from ophthalmology to orthopedics. The company has previously raised $4 Million in funding.
With these funds, Medfin plans to aggressively expand to 25+ cities across the country, and also plans to invest in R&D, Technology, Process, and People enabling it to offer patients a one-stop comprehensive service platform for 250+ types of daycare surgeries.
Medfin currently operates in some of the major cities and offers 250+ daycare surgical procedures. Medfin was founded in 2017 by Arjun Kumar, Arun Kumar, and Sidharth Gurjar. 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.
Since the last round of funding, Medfin has expanded to cover more cities and also introduce many more daycare surgeries across departments.
Speaking on the funding round, Arjun Kumar, Founder and CEO at Medfin said, “A large part of the population in India falls in the low to medium income bracket and daycare surgeries can benefit them. At Medfin we combine value-based care, advanced technology, and superior patient experience to deliver better health outcomes while containing costs.”
Commenting on the investment, Vikram Kailas of Arka Nxt Ventures said, “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. We are happy to partner with them in this journey.”
“With variable quality, outcomes, pricing plaguing healthcare services the patient is often confused and lacks trust. Medfin is simplifying this by providing a one-stop-shop that handholds the patient across one’s journey with a standardized service. Balancing access with great outcomes enables patient trust! This is key to Medfin and sets them apart from other such providers,” Seemant Jauhari of HealthXCapital further added.