Startup Atlas · Healthtech

mfine

Bengaluru, Karnataka Founded 2017 mfine.co ↗
Prasad Kompalli · Co-founder Ashutosh Lawania · Co-founder Ajit Narayanan · Co-founder/CTO Arjun Chaudhary · Co-founder, Strategic Business
$91.39 MnTotal funding (tracked)
6Funding rounds
30 Sep 2021Last round

mfine: Financial Breakdown

Figures below are FY2023, standalone basis, compiled from filings and disclosures — every year cited to its source.

Rs 31.05 croreTotal revenue · -38.5% YoY
Rs 86.1 crore lossNet loss · loss narrowed 58.2% YoY

Revenue by fiscal year

02468$MRs 5.12 crore: $0.7M0.7FY2020Rs 12.9 crore: $1.7M1.7FY2021Rs 50.5 crore: $6.8M6.8FY2022Rs 31.05 crore: $3.9M3.9FY2023

Net profit / loss by fiscal year

-30-20-100$MRs 99.35 crore loss: $-14M-14FY2020Rs 102.7 crore loss: $-13.8M-14FY2021Rs 206 crore loss: $-27.7M-28FY2022Rs 86.1 crore loss: $-10.7M-11FY2023

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2023 Rs 31.05 crore Rs 86.1 crore loss source
FY2022 Rs 50.5 crore Rs 258 crore Rs 206 crore loss source
FY2021 Rs 12.9 crore Rs 102.7 crore loss source
FY2020 Rs 5.12 crore Rs 99.35 crore loss source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: inc42.com inc42.com mercomcapital.com · Last verified 7 Sep 2026. · Report a correction