HealthXCapital, Blume lead Series A funding in Medfin

Bengaluru: Medfin, a platform focussed on day-care surgeries, has raised Series A capital from a clutch of investors, including existing backer Axilor Ventures.

Operated by Medops Technology Pvt Ltd, Medfin has raised funding in a round led by Singapore-based HealthXCapital and Blume Ventures. Other participants in this round include Japan-based Dream Incubator and Axilor.

Medfin was set up in 2017 by Arjun Kumar, Arun Kumar, and Sidharth Gurjar. Prior to this, Arjun Kumar had co-founded Housejoy, while Gurjar was part of its leadership team. Arun Kumar was part of the team at greenfield-focussed entrepreneurship platform GrowthStory.

The health-tech firm 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.

Medfin will use the capital for setting up ambulatory care centers (ASCs) across the four cities it currently operates in – Bengaluru, Hyderabad, Chennai, and Pune. The startup will also use the capital for the procurement of surgical equipment for day-care surgeries.