Founded by CEO Raghu Rai and serial entrepreneur Ken Rohl in 2014, Vietnam-based health tech startup Jio Health recently announced that it has raised $5M series A funding led by VC fund Monk Hill’s Ventures.
The new funds will be used by Jio Health to scale its operations and capabilities across Vietnam.
What it does
Jio Health started out as a US-based venture that worked with healthcare providers around the “Obamacare” initiative, before the company relocated to Vietnam as its founders saw the opportunity to offer tech-driven healthcare services to people who live in Southeast Asia.
The startup currently operates an online healthcare app (available on iOS and Android platforms) and a physical facility in Saigon. It provides on-demand access to healthcare services such as primary care, chronic disease management, pediatrics and ancillary care services.
Jio Health has about 130 staff members—including 30 people on the tech team and 70 caregivers (including doctors). The startup claims to have “completed several thousand home-visits and check-ups”.
On the record
"We look forward to working with the Monk's Hill team as we scale our operations and capabilities to meet the growing need for quality, affordable healthcare in the region," said CEO Raghu Rai in a statement.
"Jio Health is in the business of delivering trusted healthcare. We are deeply humbled by the scale and impact of the challenge, and are excited to be working with Raghu and the Jio team to address this opportunity," said Lim Kuo-Yi, managing partner at Monk's Hill Ventures, who will also be joining Jio's board.