Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

Indian LifeCell merges with Mfine, raises $80 million in funding

The India-based health-focused startup, LifeCell, has merged with a health startup, Mfine offering one app for health needs in India. * LifeCell, a healthcare and diagnostic providing services alongside the merger raised $80 million from OrbiMed, a US-based investment firm focusing on healthcare. * The fund will be invested in insurance technology

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Indian LifeCell merges with Mfine, raises $80 million in funding
Photo by National Cancer Institute / Unsplash

The India-based health-focused startup, LifeCell, has merged with a health startup, Mfine offering one app for health needs in India.

  • LifeCell, a healthcare and diagnostic providing services alongside the merger raised $80 million from OrbiMed, a US-based investment firm focusing on healthcare.
  • The fund will be invested in insurance technology and other partners of the company.
  • Mfine will now become the digital unit of LifeCell, including building a nationwide laboratory network for the company.
  • The startup, using its single app to offer digital healthcare services across e-consultations, tele-pharmacy, care services, diagnostics services, ordering medicines, and booking medical experts, had been struggling before the merger including laying off 500 of its employees.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More