JAKARTA (TheInsiderStories) - Indonesia’ healthcare provider, Alodokter, announced has raised Series C funding from MDI Ventures, a venture capital owned by PT Telekom Indonesia Tbk (IDX: TLKM), it said today. This funding is an extension of the US$33 million Series C raised in October 2019.
Existing investors such as Sequis, Golden Gate Ventures, Heritas and Hera Capital also joined in funding series. Currently, the company’ platform connects more than 30,000 doctors and 1500 hospitals and clinics with millions of Indonesian patients. The startup also plans to launch new e-pharmacy services in the next few months.
“This funding brings together Telkom’ public service mission for Indonesians and Alodokter’ business approach to supporting general healthcare,” said preisdent director of Alodokter, Suci Arumsari, in official statement on Thursday (11/12).
She continued, “We will utilize this funding to scale up our ability to deliver on the expectations of Indonesian users and enhance our digital health platform to be more robust, accessible and affordable.”
Alodokter is the most used healthcare platform in Indonesia both in mobile web and app. The company currently boasts over 27 million monthly active users or more than 10 percent of all Indonesian population using their services at least once a month.
Donald Wihardja, CEO of MDI Ventures commented, “With the rise of the adoption of telemedicine, and the leadership of Alodokter, we look forward to help spread the impact of such solution throughout Indonesia.”
The venture capital firm had received fresh funds of $500 million from its parent and other investors to be invested in startups. He said, his office will use the funding to invest in companies that have a special focus on Indonesia.
“The digital economy in Indonesia surged to 40 billion dollars in 2019, with the e-commerce sector acting as the main catalyst for the surge. This rapid growth is mainly supported by the easier digital payment system and the widespread consumer adoption in Indonesia,” said Wihardja.
US$1: Rp14,000
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