Doctor Anywhere raises USD 65.7 Million in Series C round

31. August.2021 – Singapore-based Doctor Anywhere, a healthcare startup, announced that it raised SGD 88 Million (USD 65.7 Million) in Series C funding round. This Series C round was led by Asia Partners.

The participants of this round were Philips, OSK-SBI Partners, and Novo Holdings, IHH Healthcare, Pavilion Capital, Square Peg, EDBI and Kamet Capital.

After this round Novo Holdings senior partners Dr. Amit Kakar and Co-founder of Asian Partners Oliver Rippel will join the board directors in the company. The company’s Series C, which it claims is one of the largest private rounds raised by a Southeast Asian healthtech company, brings its total funding to more than $119.5 million USD. 

The raised capital will be used to strengthen Doctor Anywhere’s presence in its current markets and expand its footprints into new ones. The startup also plans to scale its big data capabilities and tech infrastructure for a better online-to-offline user experience, and will launch new modules for medical specialty, reduce time span of medication service and develop personalized healthcare plans. 

About Doctor Anywhere – 

Doctor Anywhere has an omnichannel approach means that in addition to online consultations, it has private clinics that provide home visits, operates an in-app marketplace for health and wellness products, and medication deliveries. 

Doctor Anywhere was founded in 2017 by Lim Wai Mun, it claims that it now serves 1.5+ million users. It provides services in Singapore, Thailand, Malaysia, the Philippines and Vietnam, and established tech hubs in Ho Chi Minh City and Bangalore.

Doctor Anywhere was initiated as an online telehealth platform, but “we quickly realized that physical presence is very important in order to build trust with users,” said Lim. As a result, the company started its physical clinics and home care services. 

According to Doctor Anywhere’s estimates, the COVID-19 pandemic fast-tracked the adoption of telehealth services in Southeast Asia by at least five years. The company saw more demand for online medical consultations, medication deliveries and marketplace purchases. 

“In the past year, we have more than doubled the size of our network, from around 1,000 providers at the start of 2020 to currently close to 2,500 medical professionals across Southeast Asia,” Lim said. 

As keeping the COVID-19 pandemic situation in mind, Doctor Anywhere launched an online COVID-19 Medical Advisory Clinic in 2020 to provide on-demand consultations for people with symptoms of the virus. The startup also created a module with psychologists for online mental wellness. Lim said, “the company has seen an increase in demand for mental health-related services, like insomnia and anxiety.” 

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