<article><a href="https://www.dealstreetasia.com/?s=Halodoc">Halodoc</a>, an Indonesia-based healthcare startup backed by ride-hailing giant <a href="https://www.dealstreetasia.com/?s=GOJEK">GOJEK</a>, on Monday announced that it has raised $65 million in Series B funding led by new investor <a href="https://www.dealstreetasia.com/?s=UOB%20Venture Management">UOB Venture Management</a>.</article>

<a href="https://www.dealstreetasia.com/?s=Halodoc">Halodoc</a>, an Indonesia-based healthcare startup backed by ride-hailing giant <a href="https://www.dealstreetasia.com/?s=GOJEK">GOJEK</a>, on Monday announced that it has raised $65 million in Series B funding led by new investor <a href="https://www.dealstreetasia.com/?s=UOB%20Venture Management">UOB Venture Management</a>.
The funding round, the second major financing for Halodoc since its establishment in April 2016, was also joined by existing backers, including GOJEK, and new investors including <a href="https://www.dealstreetasia.com/?s=Singtel%20Innov8">Singtel Innov8</a>, <a href="https://www.dealstreetasia.com/?s=Korea%20Investment Partners">Korea Investment Partners</a>, and <a href="https://www.dealstreetasia.com/?s=WuXi%20AppTec">WuXi AppTec</a>.
The lead investor is a wholly owned subsidiary of United Overseas Bank Limited.
In November 2018, DEALSTREETASIA published an <a href="https://www.dealstreetasia.com/stories/indonesia-halodoc-111942/">exclusive report</a> about Halodoc&#8217;s plan to raise around $50 million in funding. Sources interviewed by this portal last year said the funding round was expected to be closed by early this year and that the company was seeking financing at a pre-money valuation of about $250 million.
The Series B funding round, which closed more than two years after the startup raised $13 million in its Series A funding round, will be used to further develop the platform&#8217;s technology and infrastructure.
Halodoc also plans to use the funds to expand its strategic partnerships with hospitals and healthcare providers across the country.
“There is a huge potential for us to use technology to extend the reach of conventional healthcare, providing better access for the archipelago’s large population,” said Halodoc founder and CEO Jonathan Sudharta.
Halodoc offers a mobile app for patients to consult a doctor via chat, video and voice calls. Its users can also buy medicines from its partner pharmacies and have them delivered by GOJEK drivers.
It connects users to a network of over 22,000 licensed doctors ranging from general practitioners to specialists on its app. It has also joined hands with 1,200 pharmacies across 25 cities in Indonesia for ordering and delivery of medicines.
A Frost &amp; Sullivan report projects the value of Indonesia’s healthcare market to reach $21 billion in 2019, from $7 billion in 2014. Despite Indonesia being the world’s fourth most populous country, access to reliable healthcare remains one of the notable issues in some parts, Halodoc said.
The startup claims that its platform usage grew 2,500 per cent last year, exceeding initial expectations. More than two million customers, half of who reside outside Java, get healthcare services through Halodoc monthly.
“The strategic investments and partnerships will enable us to accelerate our efforts in building a platform that improves access and convenience to millions of Indonesian customers,” Sudharta said.
The latest funding in Halodoc demonstrates investors’ appetite for healthtech investments. According to a Galen Growth Asia report, healthtech funding in Asian startups was expected to exceed $5.5 billion in 2018.
The region witnessed a strong third quarter with total funding reaching $1.4 billion as healthtech startups and investors sealed the highest number of deals in a quarter this year. At the end of the third quarter, year-to-date funding had crossed $4.97 billion.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/indonesia-halodoc-111942/">Exclusive: Go-Jek-backed Halodoc in talks to raise $50m in funding</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/halodoc-secures-13m-series-a-from-clermont-and-gojek-others-52938/">Indonesia: HaloDoc raises $13m Series A from Go-Jek, others</a>

Halodoc, an Indonesia-based healthcare startup backed by ride-hailing giant GOJEK, raised $65 million in Series B funding led by new investor UOB Venture Management.

GOJEK-backed Indonesian healthcare platform Halodoc raises $65m led by UOB unit

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GOJEK-backed Indonesian healthcare platform Halodoc raises $65m led by UOB unit

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