Indonesian health tech startup halodoc nets USD 80 million from Astra, Temasek

Ian Sikora
April 22, 2021

As written by UrsulaFlorene in KrAsia (Found here)

Halodochas been at the forefront of Indonesia’s battle against COVID-19, forming partof the government-led taskforce.

Health tech platform Halodoc said on Wednesday that it raised USD 80 million in itsSeries C round led by Indonesian conglomerate Astra. Other prominentparticipants in the round include Temasek, Telkomsel’s venture arm TMI, NovoHoldings, and Bangkok Bank. Existing investors UOB Venture Management, SingtelInnov8, Blibli, Allianz X, and Openspace Ventures also joined the investment.

This was the third major funding roundfor Halodoc since its establishment in 2016. With the new capital, the companyplans to expand its services in its key healthcare verticals and improve thepatient experience on its app.

The startup has stepped up in thecountry’s battle against COVID-19, forming part of the government-led taskforceto weather the pandemic. It is involved on many fronts, from health screenings,to tests and vaccinations. Halodoc expanded its appointment service during thepandemic to help Indonesians book COVID-19 tests, either on-site or atdrive-through facilities, and provides in-app symptom checkups.

In partnership with the HealthMinistry and Gojek, Halodoc runs several vaccination centers in citiesacross Indonesia. Halodoc says it vaccinated over 50,000 citizens in the first23 days of the program.

“We are proud to be at the forefrontof Indonesia’s fight against COVID-19,” said CEO Jonathan Sudharta in astatement. “The technology that powers our appointment system is now being usedto provide a safe and efficient patient journey for COVID-19 testing andvaccinations.”

Halodoc currently partners with morethan 20,000 doctors that are available for consultation via voice and videocalls, or chat. Patients can make bookings for appointments at about 2,000hospitals, labs, and clinics. It runs an e-pharmacy service, where users canorder medicine from 4,000 drug stores. In November, the firm also launchedan online vet service.

The company’s mission is to tackle the unevenhealthcare distribution in Indonesia through telemedicine. Its call resoundedglobally, beyond the typical investor class. Its previous funding round in 2019also saw the participation of the Bill & Melinda Gates Foundation.