Jio Well being, a digital healthcare supplier in Vietnam, has scored $20 million in a Sequence B funding spherical led by health-focused investor Heritas Capital from Singapore.
The investing spherical was additionally joined by Fuchsia Ventures, Kasikorn Financial institution Group, and Monk’s Hills Ventures, which beforehand led its Sequence A spherical in 2019 when it raised $5 million.
WHAT IT DOES
Launched in 2014, the digital well being startup operates an internet and offline healthcare ecosystem. On the digital aspect, it gives telemedicine and e-prescriptions by way of its cellular app on Android and iOS units. On the bodily aspect, it runs good clinics and over 300 Jio-branded neighbourhood pharmacies, in addition to presents on-demand house care.
It gives well being providers, together with major care, continual illness administration, paediatrics and ancillary care providers, by 150 multi-specialty care suppliers on its platform.
WHAT IT’S FOR
Based on a press assertion, its contemporary funds might be used to succeed in extra customers and employers and launch extra good clinics throughout Vietnam, in addition to assist its plan of coming into regional markets “over the approaching years”.
It can additionally deploy its newest funding into rising its supplier and medical assist groups and improve its know-how platform.
MARKET SNAPSHOT
Asia’s consumer-centric digital well being ecosystem continues to develop, primarily driving the area’s general digital well being market progress to round $100 billion by 2025 from $37 billion in 2020, as projected by McKinsey & Co.
Singapore-based startups have attracted investments probably the most because the begin of the 12 months, corresponding to well being tech agency MiyaHealth and psychological health-focused manufacturers MindFi and Mind.
However different Asian gamers have additionally drawn buyers’ consideration, such because the Indonesian weight reduction app Sirka, which closed a $2.6M seed funding spherical final month, and H2U Company, a digital office health-focused firm in Taiwan, which snapped up $8 million from Foxconn in January.
