Modern Family Doctor raises Series B $ 4 Million from Bamboo Finance and Saama Capital

CoolAvenues Newswire | February 27,2014 04:24 pm IST

Modern Family Doctor (MFD) which runs a chain of primary healthcare clinics across Bangalore and Pune has raised Series B Funding of $ 4 Million from Bamboo Finance and existing Investor, Saama Capital..

MFD had raised $ 2 Million from Saama Capital in 2011.
 

Modern Family Doctor started by Mr Naresh Malhotra, ex-CEO of Cafe Coffee day has over 25 clinics and pharmacies in Bangalore and Pune. The primary healthcare space is dominated by individual doctor-run clinics and the large hospitals are flooded with OPDs. Patients have to travel long distances, spend time and money to get good medical care. Modern Family Doctor was started to address this issue-provide organised and good primary health care in residential areas.
 

The company will use the capital to open 100 clinics throughout the country.

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