Halodoc Closes Series C Funding Round Worth 1.1 Trillion Rupiah
Led by Astra International, with participation of Telkomsel Mitra Inovasi, Novo Holdings, Acrew Diversify Capital Fund, Bangkok Bank, and some previous investors
On its 5th anniversary (21/4), Halodoc announced the closing of $80 million (around 1.1 trillion Rupiah) series C funding round led by Astra International, with participation of Temasek, Telkomsel Mitra Inovasi, Novo Holdings, Acrew Diversify Capital Fund, and Bangkok Bank. There are some previous investors involved, including UOB Venture Management, Singtel Innov8, Blibli Group, Allianz X, Openspace Ventures, and others.
In the official release, this funding is said to be allocated to expand Halodoc's penetration in various major health verticals as well as improve user experience through technology. Previously, Halodoc's Co-Founder & CEO, Jonathan Sudharta had expressed his ambition for regional expansion, bringing practice from Indonesia to the targeted countries.
Djony Bunarto Tjondro as President Director of Astra said, “Astra's participation in the Halodoc fundraising shows our confidence in Halodoc's vision and commitment in overcoming challenges related to access to health services in Indonesia. The pandemic that has occurred to date is very challenging for the national health service system and we believe the investment made by Astra can support Halodoc to continue to provide innovative solutions that can benefit the lives of millions of Indonesians. "
It's all begin with a dream to simplify access to health for people, Halodoc has now developed into a healthtech platform that offers a variety of health services. In the five years of its journey, Halodoc has collaborated with various parties, one of which is Gojek, who was also their seed investor.
In addition, the company will continue the innovation to develop a B2B business model by partnering with insurance providers in 2018. Currently, there are more than 1000 corporate partners who have taken advantage of digital health services from Halodoc.
During the pandemic, the company experienced a significant growth of up to 16 times in terms of transactions as well as a 25 times user growth at 20 million active users per month in the same time period. The Halodoc Ecosystem is now supported by more than 20,000 licensed doctor partners, 2000 hospitals/clinics/labs, and 4000 registered pharmacies across hundreds of cities in Indonesia.
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