With an over 270 million population, Indonesia remains an emerging medical market, supported by the surge of healthcare awareness demanded by the rising middle-income community. However, the country has faced chronic problems as the pandemic unveils shortcomings and an elevated sense of urgency to develop a more resilient healthcare system and innovations.
The urgency for innovation and access in the mental health vertical has never been more pivotal. On a macro level, there has been a global shift in consumer demand for quality health and wellness services and a significant lift in education and affluence in Southeast Asia, presenting a promising context for this industry.
Nowadays, several platforms can facilitate people to consult on their mental health issues, such as Mindtera, Riliv, and Bicarakan.id. These platforms can eliminate the problems of reluctance, shyness, and talking issues. The growth of mental health platforms stands very promising.
Receiving investment led by East Ventures, mental health startup Riliv maximizes services to help face the pandemic and new normal
Mental health service startup Riliv announced that it has received seed round funding led by East Ventures. Other investors, such as Benson Capital, Sankalpa Ventures, Teja Ventures, Telkom Indonesia through Indigo Acceleration program, and Angel Investor Shweta Shrivastava also participated in this funding round to jointly develop the mental health industry in Indonesia.
Singapore-based healthtech startup Smarter Health raises S$ 5.15 million to transform healthcare in the region
Smarter Health, a Singapore-based healthtech startup, announced that it has secured S$ 5.15 million in series A funding led by East Ventures. The funds will be used primarily for product development and market expansion in Southeast Asia.
East Ventures-backed companies, Nalagenetics and Ruangguru, crowned as Top Startup in the G20 Innovation League 2021
Indonesian healthtech company focusing on personalized screening and intervention Nalagenetics and the leading edtech company in Southeast Asia Ruangguru have been chosen as the Top 10 startup in the G20 Innovation League 2021, an international forum held at Sorrento, Italy, on October 9-10, 2021.