Health tech platform Halodoc said on Wednesday that it raised USD 80 million in its Series C round led by Indonesian conglomerate Astra. Other prominent participants in the round include Temasek, Telkomsel’s venture arm TMI, Novo Holdings, and Bangkok Bank. Existing investors UOB Venture Management, Singtel Innov8, Blibli, Allianz X, and Openspace Ventures also joined the investment.
This was the third major funding round for Halodoc since its establishment in 2016. With the new capital, the company plans to expand its services in its key healthcare verticals and improve the patient experience on its app.
The startup has stepped up in the country’s battle against COVID-19, forming part of the government-led taskforce to weather the pandemic. It is involved on many fronts, from health screenings, to tests and vaccinations. Halodoc expanded its appointment service during the pandemic to help Indonesians book COVID-19 tests, either on-site or at drive-through facilities, and provides in-app symptom checkups.
In partnership with the Health Ministry and Gojek, Halodoc runs several vaccination centers in cities across Indonesia. Halodoc says it vaccinated over 50,000 citizens in the first 23 days of the program.
“We are proud to be at the forefront of Indonesia’s fight against COVID-19,” said CEO Jonathan Sudharta in a statement. “The technology that powers our appointment system is now being used to provide a safe and efficient patient journey for COVID-19 testing and vaccinations.”
Halodoc currently partners with more than 20,000 doctors that are available for consultation via voice and video calls, or chat. Patients can make bookings for appointments at about 2,000 hospitals, labs, and clinics. It runs an e-pharmacy service, where users can order medicine from 4,000 drug stores. In November, the firm also launched an online vet service.
The company’s mission is to tackle the uneven healthcare distribution in Indonesia through telemedicine. Its call resounded globally, beyond the typical investor class. Its previous funding round in 2019 also saw the participation of the Bill & Melinda Gates Foundation.
