Surgical care provider Medfin raises $15M in Series B round

Medfin, a Bengaluru-based healthcare center, has raised $15 million in Series B funding from a group of investors, including Arka Nxt, HealthXCapital, Blume Ventures, and Axilor Ventures, Sony, and Kotak Investments.

Medfin is planning to utilize the fresh funding in the following ways-

to expand its business to 25+ cities across the country,
to solve one lakh surgeries by the end of 2022,
to invest in R&D, technology, process, and people.

Medfin claims to access the patients with the latest surgical treatment procedures at affordable prices in a comfortable environment. Medfin offers surgeries related to ophthalmology to orthopedics. Previously, the company had already raised $4 million in funding.

The company's vision is to build India's first and most affordable network of ambulatory surgery centers. Medfin was founded by Arjun Kumar, Arun Kumar, and Sidharth Gurjar in the year 2017.

Medfin helps their patients in navigating the entire surgical and diagnostics processes, including connecting them with surgeons, finding the right course of treatment, providing cost estimates, and checking insurance coverage.

EXECUTIVE OPINION:

Arjun Kumar, Founder and CEO at Medfin, said, “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.”

Seemant Jauhari, HealthXCapital, said, “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 that handholds the patient across one's journey with a standardized service. Balancing access with great outcomes enables patient trust! This is key to Medfin and sets them apart from other such providers.”

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Surgical care provider Medfin raises $15M in Series B round

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