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Southeast Asia “omnichannel” well being startup Physician Anyplace will get $88M SGD

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Physician Anyplace, a startup that takes an “omnichannel” strategy to healthcare, introduced at this time it has raised $88 million SGD (about $65.7 million USD) in Collection C funding. The spherical was led by Asia Companions, with participation from Novo Holdings, Philips and OSK-SBI Companions. It additionally included returning buyers EDBI, Sq. Peg, IHH Healthcare, Kamet Capital and Pavilion Capital. 

As a part of the spherical, Asia Companions co-founder Oliver Rippel and Novo Holdings Fairness Asia senior associate Dr. Amit Kakar will be part of Physician Anyplace’s board of administrators. The corporate’s Collection C, which it claims is without doubt one of the largest personal rounds raised by a Southeast Asian healthtech firm, brings its whole funding to greater than $140 million SGD. 

Physician Anyplace’s omnichannel strategy signifies that along with on-line consultations, it runs in-person clinics, supplies dwelling visits, remedy deliveries and operates an in-app market for well being and wellness merchandise. 

Based in 2017 by Lim Wai Mun, Physician Anyplace claims it now serves greater than 1.5 million customers. It’s accessible in Singapore, Malaysia, Thailand, Vietnam and the Philippines, and not too long ago established tech hubs in Bangalore and Ho Chi Minh Metropolis. 

Lim advised ahosti in an e-mail that when he began engaged on Physician Anyplace, there have been already profitable telemedicine platforms in the US, the UK and China, however the mannequin was nonetheless nascent in Southeast Asia. A former investor, Lim started Physician Anyplace as a facet venture as a result of he had older relations who couldn’t go away their houses for medical visits. 

Physician Anyplace launched as an online-only telehealth platform, however “we rapidly realized that bodily presence is essential as a way to construct belief with customers,” Lim mentioned. Consequently, the corporate began its dwelling care companies and bodily clinics. 

In line with Physician Anyplace’s estimates, the COVID-19 pandemic fast-tracked the adoption of telehealth companies in Southeast Asia by at the least 5 years. The corporate noticed extra demand for on-line medical consultations, remedy deliveries and market purchases. 

“Prior to now 12 months, we’ve got greater than doubled the dimensions of our community, from round 1,000 suppliers in the beginning of 2020 to at the moment near 2,500 medical professionals throughout Southeast Asia,” Lim mentioned. 

In response to the pandemic, Physician Anyplace launched an internet COVID-19 Medical Advisory Clinic final 12 months to offer on-demand consultations for folks with suspected signs. It additionally created an internet psychological wellness module with psychologists. Lim mentioned the corporate has seen a rise in demand for psychological health-related companies, like insomnia and anxiousness. 

Different telehealth startups within the area embody WhiteCoat, Speedoc and Physician World. Lim mentioned Physician Anyplace desires to distinguish by rapidly launching new merchandise in response to consumer inquiries, and “cultivating a steadiness between know-how and human contact.” 

The funding shall be used to deepen Physician Anyplace’s presence in its present markets and increase into new ones. It additionally plans to scale its tech infrastructure and large information capabilities for a greater online-to-offline consumer expertise, and can introduce new medical specialty modules, shorten remedy supply occasions and develop personalised healthcare plans. 

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