bangalorebased 48m moore strategic ventures beenext
BENGALURU: Moore Strategic Ventures and BEENEXT co-led the $48 million Series C round in which the digital health platform MFine secured funding.
Stellaris Venture Partners, SBI Group Japan, SBI Ven Capital Singapore, Heritas Capital, Prime Venture Partners, Y’S Investment Pte Ltd., and Alteria Capital also participated in the round.
The firm will construct tech-driven care delivery products for both acute and chronic condition patients using the money from the latest round to grow its hospital, diagnostics, and online pharmacy network across the nation.
In a previous round of funding sponsored by Heritas Capital, the business had raised $16 million.
According to people with knowledge of the conversations, the firm will likely have a valuation of between $450 million and $500 million after the current financing.