Indian telehealth platform MFine raises $16m from Heritas Capital, existing backers

Photo by Hush Naidoo on Unsplash

Amid a year of pandemic restrictions, India’s telemedicine startup MFine has raised $16 million in fresh funding in a bridge round, led by Singapore-based investor Heritas Capital and family office Y’S Investment.

Existing investors who also participated in the fundraising exercise include SBI Investment, SBI Ven Capital BEENEXT, and Alteria Capital, the company said in a statement. Of the total corpus raised, $14 million was as equity and the remaining $2 million as debt.

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