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

Oluwajuwonlo Afolabi -

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.