Jio Health, a digital healthcare provider in Vietnam, has scored $20 million in a Series B funding round led by health-focused investor Heritas Capital from Singapore. The investing round was also joined by Fuchsia Ventures, Kasikorn Bank Group, and Monk’s Hills Ventures, which previously led its Series A round in 2019 when it raised $5 million. Launched in 2014, the digital health startup operates an online and offline healthcare ecosystem. On the digital side, it provides telemedicine and e-prescriptions via its mobile app on Android and iOS devices. On the physical side, it runs smart clinics and over 300 Jio-branded neighborhood pharmacies, as well as offers on-demand home care. It provides health services, including primary care, chronic disease management, pediatrics, and ancillary care services, through 150 multi-specialty care providers on its platform.
Asia’s consumer-centric digital health ecosystem continues to grow, mainly driving the region’s overall digital health market growth to around $100 billion by 2025 from $37 billion in 2020, as projected by McKinsey & Co. Singapore-based startups have attracted investments the most since the start of the year, such as health tech firm MiyaHealth and mental health-focused brands MindFi and Intellect. But other Asian players have also drawn investors’ attention, such as the Indonesian weight loss app Sirka, which closed a $2.6M seed funding round last month, and H2U Corporation, a digital workplace health-focused company in Taiwan, which snapped up $8 million from Foxconn