Jio Health bags US$20M Series B to expand on-demand home care services in Vietnam

Jio Health, a health-tech company in Vietnam, has closed a US$20 million in Series B investment led by Singapore-based PE firm Heritas Capital.

Fuchsia Ventures, Kasikorn Bank Group, and Monk’s Hills Ventures also joined, the Ho Chi Minh City-based company said in a press note.

The firm will use the money to expand its Smart Clinics and omnichannel ecosystem across Vietnam. It will also extend its clinical service offering to new consumers and employers and hire talent.

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Jio Health was founded in 2014 by Raghu Rai and serial entrepreneur Ken Rohl, with offices in Irvine. It provides affordable care wherever consumers shop, work and live. Its technology encompasses telemedicine, e-prescription fulfilment, digital medical records, and machine-learning for clinical decision support.

Beyond virtual care, the offline matrix of Jio Health’s ecosystem consists of Smart Clinics, on-demand home care, and a network of 300+ Jio-branded neighbourhood pharmacies.

The startup’s online and offline care services are integrated with its lab information systems, e-pharmacy, and clinical operating system.

Jio’s multi-speciality portfolio of care services provides consumers with a one-stop shop that spans over 14 specialities, including pediatric care, chronic disease management, mental health, maternity care, and women’s health.

In April 2019, Jio Health raised a US$5 million Series A round led by Monk’s Hill Ventures to scale its care provider team and clinical operations across Vietnam.

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Image Credit: Jio Health

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