Jio Health, a full-stack technology driven healthcare company, today announced a Series A round of USD5 million led by Monk’s Hill Ventures.
Jio Health’s combination of technology and clinical services provides consumers with the complete ecosystem of care benefits including home doctor visits, nursing services, pharmacy delivery, lab collection, telemedicine, and digital medical records.
Backed by Monk’s Hill Ventures, Jio Health Expands to Meet Exponential Growth & Broaden its Spectrum of Care Services
Affordable, high-quality healthcare remains out of reach for many in emerging Southeast Asia. Consumers are confronted with congested hospitals and poor care quality, often waiting for hours to see a doctor for a mere two-three minutes.
Jio Health provides consumers with affordable, on-demand access to the full spectrum of healthcare including paediatrics, primary care, chronic disease management, and ancillary care services by using its proprietary systems and technologies to scale and optimise care delivery.
With its vertically integrated polyclinic, lab and pharmacy, Jio Health is disrupting the out-of-pocket healthcare industry, currently estimated at about USD12 billion in Vietnam and USD70 billion in the whole of Southeast Asia. The company experienced exponential growth in 2018, completing several thousand home-visits and check-ups, and is now looking to scale its care provider team and clinical operations across Vietnam.
“We are grateful to Monk’s Hill Ventures for privileging us with the support and resources to accelerate our growth and expansion. We look forward to working with Monk’s Hill’s team as we scale our operations and capabilities to meet the growing need for quality, affordable healthcare in the region,” says Raghu Rai, co-founder and CEO of Jio Health.
“Jio Health is in the business of delivering trusted healthcare. We are deeply humbled by the scale and impact of the challenge, and are excited to be working with Raghu and the Jio team to address this opportunity,” says Kuo-Yi Lim, Managing Partner at Monk’s Hill Ventures. Kuo-Yi will also be joining the board of Jio Health.
