Health tech startup Clinics On Cloud has raised ₹120 Cr (around $12.5 Mn) in its Series A funding round from UAE-based Model42. The Pune-based startup raised the fresh funds at a valuation of ₹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.