Indonesia healthcare services app gets $11m Series A

Other participants in the round include NSI Ventures, ride-hailing and delivery platform Go-Jek - which is also a portfolio company of NSI - and Blibli, an e-commerce platform controlled by local tobacco giant Djarum Group. HaloDoc previously raised approximately $2 million in pre-Series A funding.

The company was launched in January of this year having been incubated by Mensa Group, a significant player in Indonesia's pharmaceutical and medical equipment industry. It offers an on-demand service that comprises three branches: a consultation platform through which patients can identify and communicate with doctors; a fulfilment service whereby pharmacies bid for patient orders; and a networking platform for healthcare professionals.

HaloDoc already has a network of more than 18,600 licensed doctors, 1,000 certified partner pharmacies, and medical laboratory services providers. As part of the deal, HaloDoc's ApotikAntar app will feature on the Go-Jek platform as Go-Med, with Go-Jek drivers delivering pharmaceutical products to patients.

"Our vision for HaloDoc is to help bring improved healthcare to tens of millions of Indonesians. We aim to address through technology, pressing problems such as lack of access and inequality. This investment round helps us further build our engineering resource and develop a product suitable for mass adoption to deliver on these goals," Jonathan Sudharta, HaloDoc's founder and CEO, said in a statement.

According to another source, there are also plans to explore partnerships with government and private sector insurance providers, with a view to bringing the purchasing and reimbursement element closer together. Another potential source of growth is using the app as a referral engine for specialists.

The investment was sourced by Go-Jek, which recently received $550 million in funding from investors including KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets, and referred to NSI. The VC firm closed its debut fund last November at $89 million and Go-Jek was one of the first investments.

Richard Chandler co-founded Sovereign Global Investment in 1986 and the business subsequently morphed into Orient Global, Chandler Corporation and then, earlier this year, Clermont. It is a long-term investor that also holds stakes in other healthcare businesses in Southeast Asia, including Vietnam's Hoan My Medical Corporation and Philippines-based The Medical City.

There have been a number of investments in Indonesia's technology-enabled healthcare space. Earlier this year, Golden Gate Ventures committed $2.5 million to a Series A funding round for Alodokter, a healthcare information portal.

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• Topics
• Southeast Asia
• Technology
• Early-stage
• Healthcare
• Indonesia
• NSI Ventures