Singapore-based telehealth company ORA raised $10m in Series A funding round – billed as Southeast Asia’s largest telehealth financing to date – led by TNB Aura and Antler . The round was also participated by Gobi Partners, Kairous Capital and GMA Ventures.
WHAT HE DOES
ORA operates a vertically integrated telehealth platform that has delivered more than 250,000 consultations since its launch in 2021. It is home to three brands: Online Dermatology Brand Modules, andSons focused on men’s health, and OVA, which is focused on female health.
It is set to launch its medically backed products in 1,300 first-tier stores later this year.
WHAT’S THE POINT
The company currently operates in Singapore, Malaysia and the Philippines, with plans to enter new territories using its new funds. In a statement, ORA said it sees opportunities for expansion in the Middle East. In addition, he wants to launch new offers soon.
To date, the company has received total funding of $17 million.
MARKET OVERVIEW
Another vertically integrated telehealth platform in Singapore, ordinary folk, also attracted investment last year; it raised $5 million in pre-Series A funding for its expansion into Singapore and Hong Kong.
Eucalyptusan Australian company that is home to five telehealth brands, also secured $42 million in Series C funding last year for its UK expansion.
REGISTRATION
“ORA has had over six million patient touchpoints that have provided us with valuable health data through in-depth health assessments and online consultations. This has brought unique insights into the healthcare expectations of these patients that have and will inform future innovations with our key partners,” said CEO and Founder Elias Pour, who was also the former CMO of Zalora.