Good Doctor CEO Danu Wicaksana
Indonesia-based telehealth startup Good Doctor has secured US$10 million in a series A funding round led by MDI Ventures, with participation from existing investor Grab.
With the capital, Good Doctor plans to expand its services across Indonesia, aiming to provide access to one doctor for every family while achieving profitability within the next 18 months.
“The new funding will be used for several things, including tech platform development, especially to cater to our enterprise clients. We’ll also utilise the investments for new product and services development, as well as for company operations,” said CEO Danu Wicaksana.
Founded in 2018, Good Doctor allows customers to consult doctors online, buy medicines from Health Mall, and book offline doctor appointments at hospital partners.
Also Read: Healthtech data: The race for new oil in Southeast Asia
The funding shift has transformed the healthtech startup’s corporate structure, with MDI and Grab becoming minority shareholders, effectively ending the joint venture that included SoftBank Vision Fund and China’s Ping An.
Following its exit from the Thai market in February, Good Doctor has redirected its full focus to Indonesia. The startup claims it has experienced positive growth in Indonesia, operating both as a standalone app and as part of GrabHealth.
Good Doctor’s strategy within GrabHealth is geared toward individual consumers, while its standalone app primarily caters to enterprise clients.
The company boasts partnerships with over 2,500 doctors and 4,500 healthcare facilities, including pharmacies, hospitals, clinics, and official health laboratories. These partnerships serve a customer base of over 2,500 companies and 15 million users in both the B2B and B2C sectors.
Looking ahead, Good Doctor aims to enter the business-to-government segment and advocate for integrating telehealth services into Indonesia’s health insurance program, BPJS Kesehatan.
—
Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.
The post Grab-backed Good Doctor shifts focus to Indonesia after US$10M funding appeared first on e27.