Malaysian healthcare technology startup BookDoc has secured an undisclosed investment from Indonesia’s wealthy Hamami Family. The funding will also pave the way for the startup’s entry into Indonesia.
The latest investment values BookDoc at double-digit US million, a rough valuation the startup has maintained since early this year.
This is the third such investment since last year that BookDoc has received from wealthy families. It had earlier received funding from a family member of Macau billionaire tycoon Stanley Ho as well as closed a seed round led by Prince Abdul Qawi, a member of the Brunei Royal family.
BookDoc said that it hopes that this latest partnership will help it navigate through the unique business and consumer landscape of Indonesia, which is different from its existing markets of Malaysia, Singapore, Hong Kong and Thailand.
“We have been looking at the Indonesian market, and the entry of the Hamami family comes at an opportune time and is hugely strategic for us,” said BookDoc founder and CEO Dato’ Chevy Beh.
He added that the firm is implementing commercial applications for HR, insurance and the retail space. “While these are taking place, we are already planning the next step to bring such solutions into new markets, and Indonesia is one of them,” he noted.
The Hamami Family, ranked as one of the richest in Indonesia by Forbes, owns Trakindo Utama, one of the most successful heavy equipment dealers in Indonesia, in addition to business interests spanning mining, Carl’s Jr. Burger restaurants franchise and LOKA supermarkets.
Founded in October 2015, BookDoc is an online platform that operates across the healthcare continuum connecting patients to healthcare professionals anytime and anywhere, while incentivising users to stay active.
Earlier this year, when the company had bagged an undisclosed amount of funding from Stanley Ho’s family, Beh had said that the company will expand regionally in Southeast Asia, roll out more products and features targeting the B2B market, and form strategic partnerships in the region.