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Credit: Halodoc
Halodoc, a health tech startup in Indonesia, recently raised US$80 million in a Series C funding led by a unit of Indonesian conglomerate PT Astra International.
The investing round was also supported by Singapore s Temasek, Telkomsel s venture arm TMI, Denmark-based Novo Holdings and Bangkok Bank.
WHY IT MATTERS
Proceeds from the funding round will be used for Halodoc s expansion of services and technology-based solutions in Indonesia, where healthcare access remains limited.
Halodoc is a digital platform that allows remote online consultations with more than 20,000 doctors. Customers can order lab tests, as well as order medications from over 4,000 pharmacies.
April 25, 2021
Our exclusive reporting in the past week was dominated by the unicorns amid a flurry of fundraising and deal activity.
In Indonesia, two of the biggest unicorns, Gojek and Tokopedia, have been in talks to merge, and details of their union are still emerging.
Our report this week says that Gojek is likely to hold a majority stake of up to 60% in GoTo. The combined entity, expected to be valued at some $40 billion, is expected to list on the Indonesian stock exchange first, amid talk of a second listing in the US.
At the same time, Tokopedia is likely to divest its stake in Indonesian digital wallet OVO to Grab. OVO, in which Grab also has a stake, is understood to be a major sticking point in the merger talks with Gojek, which has its own payments platform.
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The domestic wholesales of cars continued their upward trend in November, driven by pent-up demand as economic activity starts picking up.
Car wholesales rose by 9.84 percent month-to-month to 53,844 vehicles in November, according to Indonesian Automaker Association (Gaikindo) data compiled by diversified conglomerate PT Astra International circulated on Tuesday.
Despite the rise, the figure was still down by nearly 41 percent from 91,240 cars sold in November last year. This led to a shrinking market share for Astra International, from 52 percent in 2019 to 45 percent this year.
“[Wholesales] are still hovering at around the 50,000 level, which is good enough,” Gaikindo secretary-general Kukuh Kumara told The Jakarta Post in a phone interview on Wednesday. “The figure should have been higher because logistical and transportation needs do still exist.”