mfine
mfine is a Bengaluru-based AI-powered telehealth platform founded in 2017, connecting 1M+ Indian consumers and corporate clients with 4,000+ doctors, 600+ accredited labs, and hospital networks across 334+ cities for consultations, diagnostics, and medicine delivery.
- Company typePrivate
- Founded2017
- HeadquartersBengaluru, India
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What mfine does
mfine is a Bengaluru-based health-tech company founded in 2017 that operates an AI-powered telehealth platform connecting patients with a network of 4,000+ doctors across 30+ specialties for chat, audio, and video consultations, alongside at-home lab tests, diagnostic imaging, medicine delivery, and chronic condition management programs. The underlying technology includes a proprietary Assistive Intelligence system that aggregates patient symptoms, history, and prior reports to produce preliminary analyses for clinicians before consultations, plus smartphone-camera-based tools for blood pressure, heart rate, and SpO2 measurement. The platform also offers consumer health tools including a period tracker and a conversational self-check risk assessment.
The company monetizes through five revenue streams: per-consultation fees (with 30+ specialty coverage), transaction-based lab test and diagnostic imaging fees (1,500+ tests across 600+ NABL/NABH accredited labs), transaction-based medicine delivery, corporate OPD benefit subscriptions sold to enterprise employers, and an MFine One membership subscription at ₹249 for three months that discounts consultations and tests. Its go-to-market is hybrid: a product-led consumer app and website for direct B2C service bookings paired with a dedicated B2B sales motion through corporate.mfine.in selling employer health benefits. The customer base spans individual consumers across 334+ Indian cities and named enterprise clients including Amazon, Honeywell, Nestlé, Uber, and American Express, with insurance channel partnerships across five carriers.
The company operates as mfine Pvt Ltd., is privately held, has raised approximately $97.5M across seven disclosed funding rounds through August 2021 (Series D led by BEENEXT and Moore Strategic Ventures), and reports 501–1,000 employees. No subsequent funding rounds, revenue figures, or ownership composition have been disclosed in the available data.
mfine firmographics
Firmographics- Name
- mfine
- Legal name
- mfine Pvt Ltd.
- Website
- https://mfine.co
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- mfine is a Bengaluru-based AI-powered telehealth platform founded in 2017, connecting 1M+ Indian consumers and corporate clients with 4,000+ doctors, 600+ accredited labs, and hospital networks across 334+ cities for consultations, diagnostics, and medicine delivery.
- Ownership category
- akta.pro rank
mfine industry classification
Industry- Product category
- Digital Health Platform
- NAICS
- Ambulatory Health Care Services (621)
- SIC
- Services-Health Services (8000)
- akta.pro primary industry
- Prescription-Based Digital Clinics (Condition-Specific Rx Programs) (HLALAAAD)
- akta.pro secondary industry
- Connected Therapeutics & Smart Drug Delivery Monitoring (HLACAFAL)
Keywords
Where mfine is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
mfine business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Teleconsultation Fees: Fee-based online doctor consultations via chat, audio, or video call across 30+ specialties. Discounted through membership plans like MFine One.
- Lab Tests & Diagnostics: At-home lab test bookings including 1500+ tests with sample pickup. Revenue from diagnostic service fees.
- Medicine Delivery: Online medicine ordering and delivery to doorstep with up to 15% discount.
- Corporate Health Benefits: B2B OPD benefits packages for employers including setup, employee onboarding, and healthcare services access.
- Membership Subscription: MFine One membership offering 30% off consultations and 20% off lab tests for ₹249 for 3 months.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | MFine One Membership - 3 months subscription |
| Unit Pricing | Pay-as-you-go | Health Checkup Packages starting price |
| Unit Pricing | Pay-as-you-go | Medicine delivery discount |
| Subscription | Pay-as-you-go | Consultation discount code |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
mfine product offering
Product offeringCore offering
MFine is an AI-powered digital health platform that provides online doctor consultations via chat, audio, and video across 30+ specialties, at-home diagnostic lab tests, health checkup packages, medicine delivery, and chronic care programs. The platform also offers corporate OPD health benefits for employers and supplementary smartphone-based health monitoring tools. Services are delivered through a network of 4,000+ doctors and 600+ NABL/NABH accredited labs and hospitals across 334+ Indian cities.
Product overview
MFine is a comprehensive AI-powered digital health platform offering a unified app for online doctor consultations, diagnostic tests, and health management. The core offering consists of Teleconsultations (24/7 video/audio/chat access to 4000+ doctors across 30+ specialities), Health Checks (preventive screening packages), Lab Tests (1500+ tests with home sample pickup from NABL/NABH labs), Medicines Delivery, and Diagnostic Imaging (MRI, CT, X-ray, ultrasound). Add-on modules include Dental Care, Vision Care, and Care Programs for chronic condition management (BP, diabetes, thyroid, obesity). The platform also offers enterprise Corporate OPD Benefits for employers, a premium MFine One Membership subscription, and supplementary health tools including Blood Pressure Monitor, Period Tracker, SPO2 Tracker, Heart Rate Monitor, and Self-Checks. The ecosystem connects patients with 600+ hospital network partners and serves 10L+ trusted users across India.
Differentiator
Problem solved
Functional benefit
Products and services
- Teleconsultations Instant specialist video, audio, or chat consultations available 24/7 across 30+ specialties, connecting patients with 4000+ doctors from 600+ hospital partnerships.
- Health Checks Comprehensive health screening packages including full body checkups, diagnostic tests, and preventive health assessments with home sample collection.
- Lab Tests Over 1500+ laboratory tests with at-home sample pickup and NABL/NABH accredited lab network, providing results with doctor analysis.
- Medicines Delivery
Companies that use mfine
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
mfine technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature3 records
mfine partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, major and minor.
- Fortis HospitalcoreHospital network partner providing specialist doctor consultations and healthcare services through MFine platform. Fortis is one of India's leading hospital chains with facilities across the country.
- Apollo HospitalscoreHospital network partner providing specialist doctor consultations and healthcare services through MFine platform. Apollo is India's largest hospital group.
- Manipal HospitalcoreHospital network partner providing specialist doctor consultations and healthcare services through MFine platform.
- Care Health InsurancemajorHealth insurance partner providing coverage options for MFine healthcare services. Insurance customers can access cashless treatments through MFine network.
- Acko General InsurancemajorDigital insurance partner offering health coverage integrated with MFine services for policyholders.
- GoDigit (GODIGIT)majorInsurance partner providing health insurance products through MFine platform for easy claim processing.
- Niva Bupa Health InsurancemajorHealth insurance partner enabling cashless treatments and coverage for MFine healthcare services.
- Magma General InsuranceminorInsurance partner providing health coverage options for MFine services.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
mfine competitors and assessment
Company assessmentDirect peers
- Tata 1mg: Backed by Tata, 1mg combines e-pharmacy, diagnostics, teleconsult, and lab bookings — a direct multi-vertical competitor with deeper pharma distribution and stronger brand trust.
- Practo: India's most established consumer telehealth platform offering online doctor consultations, lab bookings, and medicine delivery — directly overlapping MFine's B2C core across the same 30+ specialty use cases.
- Apollo 24/7: Hospital-owned (Apollo Hospitals) digital platform offering teleconsults, medicine delivery, and diagnostics — competes with MFine both as a customer-facing app and as a competitor for corporate OPD contracts.
- PharmEasy: Diagnostics and e-pharmacy operator (Thyrocare acquisition) offering home sample collection, lab tests, and medicine delivery — overlaps with MFine's diagnostics and pharmacy revenue streams.
- MediBuddy: Corporate-health-benefits-focused telehealth and OPD platform — competes head-to-head with MFine for the same enterprise B2B OPD wallet deals and employee health programs.
- Netmeds: Reliance-owned e-pharmacy with teleconsult and diagnostics — directly competes with MFine's medicine delivery and lab-test offerings, backed by deep distribution.
- HealthifyMe: AI-driven health tracking, nutrition, and coaching platform with paid subscriptions — overlaps with MFine's chronic-care and lifestyle-management positioning, though HealthifyMe leans more preventive.
Broad incumbents
- Manipal Hospitals (digital services): Large hospital chain and MFine network partner — also operates its own digital health services, representing both a supply partner and a potential competitive threat if it scales direct-to-consumer.
Emerging players
- Cure.fit (cult.fit): Health, fitness, and mental wellness platform that has expanded into consultations and care — adjacent competitor pursuing a broader lifestyle-and-care funnel similar to MFine's consumer vision.
Regional players
- Zocdoc: US-based doctor-booking and telehealth marketplace — comparable business model (booking plus virtual visits) but operates in a different geography and payer mix than India.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
mfine social profiles
Digital presencemfine compliance and trust
Trust signalCompliance3 records
mfine financial estimates
Financial estimateRevenue estimate
Valuation estimate
mfine leadership team
Management profileNumber of profiles
Profiles5 records
mfine funding detail
Funding detailFunding overview
Funding rounds7 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
mfine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about mfine
What does mfine do?
MFine is an AI-powered digital health platform that provides online doctor consultations via chat, audio, and video across 30+ specialties, at-home diagnostic lab tests, health checkup packages, medicine delivery, and chronic care programs. The platform also offers corporate OPD health benefits for employers and supplementary smartphone-based health monitoring tools. Services are delivered through a network of 4,000+ doctors and 600+ NABL/NABH accredited labs and hospitals across 334+ Indian cities.
Is mfine a public or private company?
mfine is a private company. It is classified as venture growth investor backed and is currently operating.
When was mfine founded?
mfine was founded in 2017. It employs 501 to 1,000 people.
Where is mfine based?
mfine is headquartered in Bengaluru, India, in the Asia region.
How does mfine make money?
Five revenue lines are on record. Teleconsultation Fees are the primary driver. The others are lab Tests & Diagnostics, medicine Delivery, corporate Health Benefits and membership Subscription.
Who are mfine's main competitors?
Direct peers on record are Tata 1mg, Practo, Apollo 24/7, PharmEasy, MediBuddy, Netmeds and HealthifyMe. Manipal Hospitals (digital services) is listed as a broad incumbent. Cure.fit (cult.fit) is listed as an emerging player. Zocdoc is listed as a regional player.
Does mfine have an API?
No public API is recorded for mfine.
What industry is mfine in?
mfine's product category is Digital Health Platform. Its primary akta.pro industry code is HLALAAAD, Prescription-Based Digital Clinics (Condition-Specific Rx Programs), with a secondary code of HLACAFAL, Connected Therapeutics & Smart Drug Delivery Monitoring. Its NAICS code is 621 and its SIC code is 8000.