Healthcare startup Medfin secures $15 million in funding from Arka Nxt, Blume, others
By Team Startupcity | Monday, 11 April 2022, 09:04 Hrs
Healthcare provider Medfin has raised $15 million in fresh funding from investors including Arka Nxt, HealthXCapital (Singapore), Blume Ventures, Axilor Ventures, Sony and Kotak Investments. The company offers patients access to the latest surgical treatment procedures at affordable prices. It said it will use the funding for geographical expansion, investing in R&D, technology, and hiring people.
Medfin has previously raised $4 million in funding.
Founded in 2017 by Arjun Kumar, Arun Kumar, and Sidharth Gurjar, Medfin offers surgeries across departments like ophthalmology, orthopaedics, among others. It currently operates in some of the major cities and offers more than 250 daycare surgical procedures. “ The company plans to expand to more than 25 cities across the country,” a company statement said.
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.
“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.
“ 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,” said Vikram Kailas from Arka Nxt Ventures.
According to the company, In India, elective surgeries become emergency surgeries because patients wait till the eleventh hour, mostly due to the hassles and expenses involved in the process. Making it an affordable and hassle-free experience, will change this mindset and provide a better quality of life.