Healthcare services platform, Medfin has raised $15 million in a Series B funding round led by Arka Nxt, HealthXCapital (Singapore), Blume Ventures, Axilor Ventures, Sony, and Kotak Investments.
The startup plans to use the funds to expand to over 25 cities across the country. It 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.
Bangalore-based Medfin was founded in 2017 by Arjun Kumar, Arun Kumar, and Sidharth Gurjar, It helps patients navigate the entire surgical and diagnostic procedures, including connecting them to a surgeon, finding the right course of treatment, estimating costs, and checking insurance coverage.
“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”, said, Arjun Kumar, Founder, and CEO of Medfin.
The startup claims to provide the latest surgical treatment procedures to the patients in the most hassle-free manner at affordable prices.
The company’s model offers surgeries in all departments from Ophthalmology to Orthopedics.
“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,” said, Vikram Kailas from Arka Nxt Ventures.
“With variable quality, outcomes, and pricing plaguing healthcare services, the patient is often confused and lacks trust. Medfin is simplifying this by providing a one-stop-shop which handholds the patient across one’s journey with a standardised service. Balancing access with great outcomes enables patient trust! This is key to Medfin and sets them apart from other such providers”, said, Seemant Jauhari from HealthXCapital.
The startup plans to complete one lakh surgeries by the end of 2022.
The vision of the healthcare startup is to create India’s first and most affordable network of ambulatory surgery centers focused on a joyful patient experience. In December 2020, Healthcare startup Medfin had raised undisclosed funding in Series A round from Singapore-based HealthXCapital and Blume Ventures.