Astra said on Friday it has led the Series D round of Halodoc, bringing its total investment in the Jakarta-headquartered startup to $135 million.
“High demand for access to quality healthcare services has boosted the increasing adoption of digital technology in healthcare. Astra believes that the health sector in Indonesia has good growth prospects in the long term,” Djony Bunarto Tjondro, president director of Astra, said in a statement. “We hope that Astra’s investment in Halodoc can accelerate the transformation of health services in Indonesia which are increasingly innovative, accessible and providing quality service.”...
Astra has businesses spanning automotive, financial services, infrastructure, heavy equipment and agriculture. The Indonesian conglomerate has been bolstering its share of the country’s digital economy, which is expected to see its gross merchandise value grow from $77 billion in 2022 to $130 billion by 2025, according to a joint report by Google, Temasek and consultancy Bain.
In recent years, Astra has invested in GoTo, the merger of Indonesian ride-hailing and payments giant Gojek and e-commerce firm Tokopedia, as well as e-grocery platform Sayurbox, fintech firm Mapan and logistics company Paxel.
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