India, Jan. 18 -- Healthtech startup MFine has raised $16 Mn in the latest funding round-led by Heritas Capital, with participation from the Singapore-based family office of YS Investment. Existing investors SBI Investment, SBI Ven Capital, BEENEXT and Alteria Capital also participated in the round.

MFine plans to use this funding to triple its investment in AI development, mobile engineering and device integration. Besides this, it will look into expanding its hospital network across the country and scaling the recently launched services such as delivering medicines, preventive health screenings and diagnostic tests. The company is also looking to initiate its Series C round in the coming months.

Overall, the healthtech startup has now...