- Companies
- Halodoc
Halodoc Funding, Investors & Competitors
Halodoc has raised $245M across 3 funding rounds, most recently a $100M Series D in July 2023.
Last Halodoc funding round
$100M
Series D · Jul 2023
Cumulative funding Halodoc raised
$245M
across 3 funding rounds
Key investors in Halodoc
Openspace Capital
Novo Holdings
Singtel Innov8
UOB Venture
Astra Digital
Temasek
Korea Investment Partners
Intudo Ventures
About Halodoc
Halodoc is a Jakarta-based digital healthcare platform connecting over 19,000 licensed doctors, 1,000 partner pharmacies via ApotikAntar delivery, and lab services across Indonesia. Founded in 2016, users access consultations through chat, voice, or video on the app, which also fills prescriptions within two hours in major cities like Surabaya and Bandung. Halodoc raised funding from investors including Prosus and Alibaba Health.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services, Product sales
Halodoc Funding History
Halodoc has raised a total of $245M across 3 funding rounds.
Halodoc's first fundraising round was a $65M Series B in March 2019. The most recent completed round was a $100M Series D in July 2023.
Halodoc funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2023 | Series D | Astra Digital (lead); Novo Holdings; Intudo Ventures; Openspace Capital | $100M | Halodoc, an Indonesian digital healthcare ecosystem platform founded in 2016, raised $100 million in a Series D funding round on July 28, 2023, led by Astra Digital (a subsidiary of Astra International), with participation from Openspace, Novo Holdings, and other existing investors including Intudo Ventures. The platform provides integrated online health services such as telemedicine, medicine ordering and delivery, lab tests, doctor appointment booking, third-party health insurance purchase, and at-home health testing, connecting patients to over 20,000 medical practitioners, 3,300 hospitals, and 4,900 pharmacies. It serves more than 20 million monthly active users via iOS and Android apps. The funding aims to capitalize on growing demand for virtual care services amid Indonesia's expanding digital health market, projected to reach $3.96 billion by 2027 at a 13.6% CAGR. Astra, which previously led Halodoc's $80 million Series C in 2021, increased its total investment to $135 million through this round, emphasizing long-term growth prospects in Indonesia's healthcare sector supported by government initiatives. One source refers to the Series D as $135 million, likely reflecting Astra's cumulative investment since 2021 rather than the round size. Halodoc operates in a competitive landscape with rivals like Alodokter, which recently secured undisclosed funding from Marubeni. The investment comes amid a challenging environment for Asia-Pacific telehealth startups, with few other deals like Singapore's Ora raising $10 million in Series A. Investors such as Acrew Capital, Allianz X, Bill & Melinda Gates Foundation, HEAL Partners, Korea Investment Partners, Prudential, and others continue to back Halodoc to accelerate innovation, service expansion, and accessible quality healthcare transformation in Indonesia. |
| Apr 2021 | Series C | Astra International (lead); Temasek; Allianz X; Novo Holdings; Singtel Innov8; Openspace Capital; Astra Digital; UOB Venture; Telkomsel Mitra Inovasi; Bangkok Bank | $80M | Halodoc is an Indonesia-based healthtech platform offering integrated online healthcare services, including telemedicine, medicine ordering, lab tests, doctor appointments, third-party health insurance, and at-home health testing. It connects patients with over 20,000 medical practitioners, 3,300 hospitals, and 4,900 pharmacies, serving more than 20 million monthly active users via iOS and Android apps. The company raised at least $258 million cumulatively by 2023. In 2021, Astra International led an $80 million Series C round, marking its initial major investment in Halodoc. Astra's total investments reached $135 million after leading a subsequent Series D. The Series D funding, announced July 31, 2023, totaled $100 million in some reports or $135 million per Novo Holdings, led by Astra Digital (subsidiary of Astra International), with participation from Openspace, Novo Holdings, and others including Allianz X, Bangkok Bank, Bill and Melinda Gates Foundation, HEAL Partners, Intudo Ventures, Korea Investment Partners, Prudential, Telkomsel Mitra Inovasi (TMI), Temasek Holdings, Singtel Innov8, UOB Venture Management, Acrew Capital, and Argor (formerly Go-Ventures). Funds aimed to strengthen technology, expand high-quality care access, improve product offerings, invest in AI, and capitalize on post-pandemic virtual care demand. Astra has since invested around $275 million total in Indonesian healthcare, including Halodoc, a stake in Hermina, and acquisitions like Heartology Cardiovascular Hospital. Indonesia's digital health market is projected to reach $3.96 billion by 2027 at a 13.6% CAGR. Halodoc demonstrated success in national vaccination campaigns and COVID-19 response. Competitors include Alodokter, which integrated apps and received investment from Marubeni. Investments in Asia-Pacific telehealth were limited in 2023, with Halodoc, Alodokter, and Singapore's Ora securing notable rounds amid a challenging environment. |
| Mar 2019 | Series B | UOB Venture (lead); Wuxi AppTec; Blibli; Brama One Ventures; Korea Investment Partners; Singtel Innov8; Openspace Capital; Argor Capital; InvestIdea Ventures | $65M | Halodoc is an Indonesia-based online healthcare platform offering services like online consultations with licensed doctors, prescription deliveries, lab test bookings, and integration with Gojek for medicine delivery. Founded in 2016, it aims to simplify healthcare access, particularly outside major cities, through technology and strategic partnerships with insurers like Allianz and Prudential. Halodoc operates within Indonesia's emerging health tech sector, recognized for digital transformation and partnerships enhancing patient journeys. The specified Series B funding round, announced around March/April 2019 and led by UOB Venture Management, raised USD 65 million with participation from investors including Singtel Innov8, Korea Investment Partners, WuXi AppTec, and existing backers like Go-Ventures, Blibli, Openspace Ventures, and Investidea. This was part of an ongoing Series B that continued into July 2019 with additional undisclosed funding from strategic investors such as the Bill & Melinda Gates Foundation, Allianz X, and Prudential. In total, Halodoc had raised close to USD 100 million across three rounds by mid-2019. Earlier, in September 2016 Series A, valuation was $45.92M. Funds from the Series B supported expansion of services and healthcare options in underserved areas. Halodoc later raised further rounds, including Series C in 2021 and Series D $100M-$135M in 2023 led by Astra with many repeat investors. |
Who has invested in Halodoc?
17 investors have backed Halodoc across its funding rounds, including Openspace Capital, Novo Holdings, Singtel Innov8, UOB Venture, Astra Digital and Temasek.
Lead investors include Astra Digital, Astra International and UOB Venture.
Halodoc Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Mar 2019 | ||
| 2 | Participant | Apr 2021 | ||
| 2 | Participant | Mar 2019 | ||
| 2 | Lead | Apr 2021 | ||
| 2 | Lead | Mar 2019 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Lead | Apr 2021 | ||
This data is available for Pro users. Sign up to see all 17 Halodoc investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialHalodoc Competitors
Halodoc competitors include listed companies like Recruit Holdings, Uber, Prosus and DoorDash, and private ones like Xiaohongshu and OpenSea.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $24B | $4B | $156B | 6.0x | ||
| Publicly listed | $52B | $6.2B | $145B | 2.8x | ||
| Publicly listed | $9.7B | $1.1B | $86B | 8.0x | ||
| Publicly listed | $14B | $1.5B | $84B | 4.9x | ||
| Private | - | - | $20B | - | ||
| Private | $873M | - | $13B | 15.2x |
Halodoc Public Comps
Halodoc is still privately-owned, but its public comps include Amazon, Alibaba Group, Recruit Holdings, Uber, Booking Holdings, Pinduoduo, Airbnb, MercadoLibre, Prosus and DoorDash.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $24B | $4B | 6.4x | 6.0x | 37.9x | 25.2x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $27B | $8.3B | 4.9x | 4.6x | 15.9x | 12.4x | |||
| $64B | $14B | 0.7x | 0.7x | 3.1x | 2.8x | |||
| $12B | $2.4B | 7.2x | 6.5x | 36.3x | 18.2x | |||
| $29B | $3.7B | 3.5x | 2.6x | 27.2x | 25.1x | |||
This data is available for Pro users. Sign up to see all Halodoc competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Halodoc
| When was Halodoc founded? | Halodoc was founded in 2016. |
| Where is Halodoc headquartered? | Halodoc is headquartered in Jakarta, Indonesia. |
| Is Halodoc publicly listed? | No, Halodoc is a private, VC-backed company. |
| How much funding has Halodoc raised? | Halodoc has raised $245M across 3 funding rounds. |
| What was Halodoc's last funding round? | Halodoc's last funding round was a $100M Series D in July 2023, led by Astra Digital. |
| Who are Halodoc's investors? | Halodoc's investors include Openspace Capital, Novo Holdings, Singtel Innov8, Astra Digital, UOB Venture, Temasek, Wuxi AppTec, Allianz X, Intudo Ventures, Blibli and 7 others. |
| Which companies are comparable to Halodoc? | Companies comparable to Halodoc include Recruit Holdings, Uber, Prosus, DoorDash, Xiaohongshu and OpenSea. |
See companies similar to Halodoc
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




