Blume Ventures backs Medfin and 11 more India deal updates

Healthcare startup Medfin has raised an undisclosed amount in a Series A funding round led by Singapore-based HealthXCapital and Blume Ventures, per an announcement.

Japan’s Dream Incubator and existing investor Axilor also participated in the financing.

The Bengaluru-based startup plans to use the funds to set up ambulatory care centres across four cities where it currently operates in including Bengaluru, Hyderabad, Chennai and Pune. It will also use the funding proceeds for the procurement of high-end surgical equipment for daycare surgeries.

“Healthcare in Tier I India, especially in the secondary and tertiary provider business, has become laden with disincentives and lack of transparency. Hence, the cost of good quality care in the private sector is out of reach for most Indians. Medfin represents a new crop of healthcare companies in India that are focused on bringing transparency into the industry,” said Arpita Agarwal, Director at Blume, said.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from December 20-25, 2020.

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