Doctor Anywhere plans to use the funding to explore M&A opportunities, scale its big data capabilities and tech infrastructure, and more. Here are the top-line bullets you need to know.
Doctor Anywhere, a digital healthcare platform, has raised $65.7M in a Series C. The round drew participation from Asia Partners, OSK Ventures International, Philips External Corporate Ventures, and Kamet Capital Partners, among others.
How’s the company performing?
- Singapore-based Doctor Anywhere is a digital platform that helps connect healthcare professionals and patients. It provides virtual consultations, and it also runs in-person clinics, facilitates home visits, and offers medication deliveries through its mobile app. Additionally, it has developed an online mental wellness module with psychologists.
- Doctor Anywhere caters to over 1.5M users across Singapore, Thailand, Malaysia, the Philippines, and Vietnam, and it is backed by a network of nearly 2,500 medical professionals across Southeast Asia. It has also established tech hubs in Ho Chi Minh City and Bangalore.
- The company’s revenue has grown 3x since March 2020, and it has experienced a 500% increase in transaction count.
Source: Doctor Anywhere
Why does the market matter?
- The digital health market is expected to grow at a CAGR of 17.4% and reach a value of $426.9B by 2027, according to Global Market Insights.
- The impact of Covid-19 on healthcare infrastructure, increasing demand for healthcare digitization, technological advancements, and the rising popularity of virtual care have led to industry growth.