Medfin secured Series B funding of $15 million from Arka Nxt, Blume Ventures, and others
- ByStartupStory | April 11, 2022
Medfin, a healthcare startup, has raised $15 million in new capital from Arka Nxt, HealthXCapital (Singapore), Blume Ventures, Axilor Ventures, Sony, and Kotak Investments, among others. The organization provides patients with cheap access to the most up-to-date surgical treatment methods. The money will be used to expand geographically, invest in R&D and technology, and hire employees, according to the company.
Medfin, founded in 2017 by Arjun Kumar, Arun Kumar, and Sidharth Gurjar, provides procedures in a variety of fields, including ophthalmology and orthopedics. It now has locations in a number of major cities and provides more than 250 daycare surgical procedures. The company intends to expand to over 25 locations across the United States.
Medfin assists patients with all aspects of the surgical and diagnostic processes, including linking them with doctors, determining the best course of treatment, calculating costs, and determining insurance coverage. Medfin’s founder and CEO, Arjun Kumar, said, “We integrate value-based care, innovative technology, and superior patient experience to achieve improved health outcomes while reducing costs.”
According to the company, Elective procedures in India become emergency surgeries because patients wait until the eleventh hour, largely owing to the inconveniences and costs involved in the process. Making it more inexpensive and hassle-free will change people’s minds and improve their quality of life.
Medfin’s mission is to create India’s first and most cost-effective network of ambulatory surgery clinics focused on providing a positive patient experience. By the end of 2022, the business hopes to have completed 100,000 procedures. Surgical care in India is predicted to rise at a compound annual growth rate of 22% from 2016 to 2022, reaching $100 billion by 2022.
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