HealthTech platform Halodoc has announced that it has raised $80 million in its Series C funding round led by Indonesian conglomerate Astra. The round was also participated in by notable investors such as Temasek, Telkomsel Mitra Inovasi, Novo Holdings, and Bangkok Bank. Existing investors also joined the round: UOB Venture Management, Singtel Innov8, Blibli, Allianz X, and Openspace Ventures.
This is the company’s third round of funding since its founding in 2016. Its platform provides a mobile app and website that gives users across Indonesia access to consultations with over 20,000 licensed doctors, regardless of time and place. In 2020, Halodoc released a new appointment service that is able to connect over 2,000 providers to patients across 180 cities.
Amidst the pandemic, Halodoc stepped up and worked together with the country’s Ministry of Health to handle the pandemic. The company currently forms part of the government-led task force to handle the pandemic. Now, the company has once again partnered with the Ministry of Health to aid the country’s vaccination program. To date, Halodoc claims that it has facilitated the vaccination of over 50,000 citizens within the first 23 days of its program.
“Halodoc has grown to be Indonesia’s leading HealthTech provider. Today, we provide over 20 million users with convenient and reliable healthcare services monthly,” said Jonathan Sudartha, Chief Executive Officer, Halodoc.
“We are also proud to be at the forefront of Indonesia’s fight against COVID-19. The Halodoc technology that powers our Appointment system pre-pandemic is now being used to provide a safe and efficient patient journey for COVID-19 testing and vaccinations. We are excited to extend our vision, and we appreciate the continued support given to us by our investors, industry partners, and patients we serve across the country.”
In a Wild Boom Digital Conference panel moderated by TechNode Global, Sudartha stressed the importance of digital healthcare services in a country like Indonesia, which has fragmented markets and physical locations, being an archipelago with at least 17,500 islands. While the pandemic has led to challenges in healthcare delivery, it also opened opportunities for technology companies like Halodoc to step up with the provision of innovative services and solutions. This includes travel certifications, drive-through vaccinations, and PCR tests, among others.
The company plans to use its fresh capital from the Series C fundraise to continue working on its digital solutions. It will be used to penetrate key healthcare verticals across the country, improving user/patient experiences with tech-based solutions for the country’s most pressing healthcare problems.
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