Indonesia’s Halodoc raises close to a total of $100M after latest funding round

On average, Halodoc serves around 7 million patients per month throughout Indonesia with 80% of patients residing outside the main cities of Jakarta and Surabaya.
By Dean Koh
05:17 am
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Credit: Halodoc

Indonesia-based healthtech platform Halodoc announced that it has secured additional funding from strategic investors including the Bill & Melinda Gates Foundation, Allianz X and Prudential. Allianz and Prudential provide insurance services in Indonesia and are users of Halodoc's services. The funds will be used to further Halodoc's commitment to simplify healthcare through technology in Indonesia.

THE LARGER TREND

Halodoc has raised three rounds of financing from institutional investors, with the most recent funding (Series B) closed earlier this year in March, led by UOB Venture Management. Other investors in the financing round include Singtel Innov8, Korea Investment Partners and WuXi AppTec. Existing Investors such as Go-Ventures, BliBli, Openspace Ventures and Investidea also participated. In total, Halodoc has raised close to $100M (around IDR1,4 Trillion).

Halodoc operates a mobile platform for patients to access doctors any time of the day and pharmacy delivery across 50 cities, as well as home lab services, increasing accessibility to easy, affordable, and reliable healthcare services. On average, Halodoc serves around 7 million patients per month throughout Indonesia with 80% of patients residing outside the main cities of Jakarta and Surabaya.

ON THE RECORD

“As an online healthcare application with a mission to simplify healthcare, these strategic partnerships will help improve the quality and number of healthcare options available to Indonesians living outside major cities, particularly outside of Java where healthcare infrastructure is less established. Halodoc aims to learn from the Bill & Melinda Gates Foundation's long-established track record of working with partners to deliver best practice healthcare solutions and improving quality of life around the world,” said Jonathan Sudharta, CEO of Halodoc in a statement.

“Knowing the difficulties of healthcare accessibility in Indonesia, Halodoc is committed to new initiatives together with our investors, to help Indonesians access health services more easily. We hope, together, we can bring high quality and affordable health services across Indonesia,” Sudharta added.