The HaloDoc management team
Dear Pro member,
Halodoc has raised US$100 million in a Series D funding round led by existing backer Astra Digital. With this, the total capital raised by the Indonesian healthtech company so far has touched US$258 million, bringing it closer to achieving unicorn status.
The company’s success can be attributed to its extensive network of more than 20,000 medical practitioners, 3,300 hospitals, and 4,900 pharmacies, providing comprehensive healthcare services to the Indonesian population.
As of 2022, Halodoc boasts an impressive user base of over 20 million monthly active users, demonstrating its widespread popularity and effectiveness. This substantial investment will undoubtedly bolster Halodoc’s growth, allowing it to expand its services further and solidify its position in the competitive healthtech market.
This is the top story of today’s Ecosystem Roundup.
Scroll down to read the other major headlines.
Sainul,
Editor.
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Indonesia-based healthtech firm Halodoc raises US$100M Series D
The lead investor is Astra Digital; Halodoc’s platform offers its users a network of over 20,000 medical practitioners, 3,300 hospitals, and 4,900 pharmacies.
VinFast to close SPAC deal in August at US$23B valuation
The merger with Black Spade Capital brings VinFast to a US$27B enterprise value and US$23 billion equity value, making it one of the most highly valued EV firms globally.
Bukalapak posts US$40.7M net profit in Q2 as revenue increases 30%
A major driver for this growth is its marketplace unit, which recorded a 74% growth in revenue to US$45.3M; The segment encompasses its general Bukalapak platform as well as Itemku, which it acquired in 2021.
Blibli’s revenue up 16% in H1 2023, loss narrows by 29%
The company generates its revenue from first-party retail, third-party retail, corporate customers, and physical stores. Only first-party retail experienced a decline in net revenue for H1 2023, dropping 6% year on year to US$260M.
Vietnamese K-12-focused edutech startup VUIHOC raises US$6M Series A
The investors include TNB Aura, Do Ventures, BAce Capital, and Vulpes; VUIHOC aims to harness the power of AI to offer personalised learning experiences specifically tailored to meet students’ individual needs.
Biodiversity Accelerator+ unviels startups joining its 2023 cohort
More than half of the companies in the Biodiversity Accelerator+’s first batch have females at the helm, and 63% are based out of APAC; The 3-month programme will commence in Singapore next month.
SME financing platform Validus appoints Vineet Agarwal new Singapore CEO
He will replace Jayanta Roy, who is retiring; Agarwal previously served as the president of payments at the firm, where he helped roll out the company’s SME financial services offering in Singapore.
Airwallex pumps US$165M into Singapore entity
Airwallex Singapore recorded US$5.4M in revenue last year; Meanwhile, the fintech firm’s loss from operating activities increased to US$5.9M in 2022 from US$4.3M in the year before.
Capital A partners with UnionDigital Bank for SEA expansion
The aim is to push the expansion of BigPay, Capital A’s fintech arm, in Southeast Asian markets, including Malaysia, Singapore, Thailand, Indonesia, and the Philippines.
Justin Choi resigns just a month after taking charge as Spenmo CEO
Choi resigned from his role at the expense management startup due to personal reasons; Jo-Ann Chung, Spenmo’s CPO, will take over as acting CEO.
‘Asia presents potential for high-impact, high-return investments in life sciences, deeptech’
Yet, there’re unique challenges to investing in Asia, such as its complex regulatory environment and cultural and language differences: says Harmonix’s Maximilian Winter.
How Circular can help to reduce e-waste through its device subscription service
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The post Ecosystem Roundup: Halodoc raises US$100M Series D; Bukalapak posts US$40.7M net profit in Q2 appeared first on e27.