India, Nov. 3 -- Health tech startup Clinics On Cloud has raised Rs.120 Cr (around $12.5 Mn) in its Series A funding round from Model42, the medtech-focused investment arm of UAE-based backer Enlightened Minds Investments.

The Pune-based startup raised the fresh funds at a valuation of Rs.600 Cr ($63.3 Mn)

In a statement, the startup said that it plans to utilise the fresh capital to bolster its AI-led healthcare capabilities, expand research and development (R&D), and accelerate the growth of its micro-clinic ecosystem.

A chunk of the funding will also be used to strengthen its manufacturing capacity, scale strategic partnerships with healthcare providers and expand global footprint.

"For eight years, we have built Clinics On Cloud w...