Data Vantage | Alodokter expands cap table, Voyager posts revenue growth, and other updates

Edition #212, 29 Sep 2022

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Indonesian healthtech startup Alodokter added Samsung Venture Investment to its cap table this week after receiving a $3 million capital injection from the latter.

The startup, which is backed by SoftBank Ventures Asia, had last announced raising an undisclosed amount in funding in June 2021 from MDI Ventures and Samsung Ventures. The latest investment appears to be part of the same round.

Our data shows the company has raised at least $52 million to date and is valued at more than $100 million.

Alodokter provides end-to-end digital solutions to patients, including telemedicine, doctor appointments, medical content, e-pharmacy and health insurance services.

Top shareholders in Alodokter

Source: DATA VANTAGE

Singapore-registered Asia Genomics, a company that produces COVID-19 PRC and ART testing solutions, has allotted more shares to Vietnam-focused gene testing company Geneworld.

Asia Genomics has raised close to $14 million to date and concluded its last funding round in October last year. The company reported a profit in the financial year ended September 30, 2021, after securing close to an 11x growth in revenue, our data shows.

Other updates from DATA VANTAGE

Voyager Innovations, a Philippines-based fintech company that surpassed $1 billion in valuation this year, clocked a $15.5% year-on-year growth in revenue last year as travel restrictions eased in the fifth largest economy in Southeast Asia. The company’s losses, however, grew 17.8% during the period.

Indonesian cloud kitchen platform Hangry more than tripled its revenue last year, according to the company’s latest financial filing. Net losses, however, also expanded as the company pushed for growth in an economy that has been rapidly recovering from pandemic-induced social and travel lockdowns.

Shipper, an Indonesian firm that provides digital solutions to logistics companies, saw more than an 80% drop in revenue last year as it struggled with the impact of the pandemic. The drop in revenue led to the company posting a net loss in 2021 after securing a profit in 2020.

Backed by strong revenue growth, the Singapore subsidiary of US-based Jumio reported more than a 50% growth in net profit last year. The company, which provides AI-based identity verification services, set up its Asia Pacific office in Singapore in 2018.

Singapore-based HR and marketing tech firm Rewardz managed to expand its bottom line in the second year of the pandemic in 2021, as its revenue grew 13% year on year to $7.6 million. Rewardz last raised funding in December 2016, our data shows.

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