Indonesian healthtech startup, Alodokter, successfully raised USD 33 million in Series C funding in October 2019. The round was led by Sequis Life, with the participation of Philips, Heritas Capital, Hera Capital and Dayli Partners, among the few. Previous round investors such as Softbank Ventures Asia and Golden Gate Ventures also participated this time round.
The funding will be utilized to grow the company’s network with hospitals and launch a new insurtech product for protecting and educating consumers. Alodokter first introduced its health insurance product “Proteksi Alodokter” in 2018. Through this, consumers are able to subscribe, pay and process claims in the app.
Alodokter was launched as a curated digital news portal exploring health and well-being issues. In 2016, it expanded its services to include a mobile app that allows users to have virtual Medical consultations with a general practitioner. The telemedicine app merges artificial intelligence and doctor-patient interaction. Customers turn to their app to use its services which include doctors appointment and chats, healthcare information and health insurance management. Alodokter has currently about 20 million monthly active users and has 20,000 and 10,000 hospitals and clinics under its network.
The digital healthcare sector is growing rapidly in Indonesia. Another Indonesian telemedicine startup, Halodoc has raised total funding in excess of USD 100 million, including an undisclosed amount in Series B-plus funding in July this year from the Bill & Melinda Gates Foundation, Prudential Life Insurance, and Allianz X, the investment unit of the leading insurance and asset management firm Allianz Group.