Medigo App, Prescription Deliveries Are Available in Vietnam Around-the-Clock
The Highlights:
- Medigo, a Ho Chi Minh City-based telehealth company, has successfully raised $2 million in new funding from East Ventures, along with participation from Pavilion Capital and Touchstone Partners.
- Medigo plans to grow its telehealth ecosystem by expanding its remote doctor consultations, medicine delivery services, and home testing services, including blood tests, urine tests, and pregnancy tests.
Over the last three years, Medigo has achieved impressive growth, with 500,000 active users benefiting from its 24/7 on-demand prescription delivery services. The company's app connects users to licensed pharmacies and delivers medicine within 20 minutes, a feature that has proven to be highly popular among customers. Currently, the company has 1,000 pharmacy partners in Hanoi, Da Nang, and Ho Chi Minh City, and is set to expand to Tier 2 cities, such as Binh Duong, Vung Tau, and Hai Phong, this year.
With the addition of $2 million in fresh capital from East Ventures, Pavilion Capital, and Touchstone Partners, it now has plans to expand its telehealth ecosystem.
Ha Le, CEO and co-founder of the company, started developing the app after struggling to acquire fever-relieving medications for his daughter in the middle of the night. He told TechCrunch, "I never imagined that working in the healthcare area would be the core of my daily life when I was at university as a software engineer, but it is now my life's goal."
Despite having numerous competitors, including Doctor Anywhere, Jio Health, Edoctor, Long Chau, Pharmacity, and Rightnow, Medigo differentiates itself by working with pharmacies that are open around the clock, allowing it to operate 24/7 consistently. The company wants to continue expanding its provider networks so users can have more choices on the same platform.
East Ventures managing partner Koh Wai Kit expressed excitement about the investment, saying, "Digital technologies can improve the accessibility and affordability of good quality healthcare. We are excited by Medigo's mission to revolutionize pharmacies and healthcare services in Vietnam."
Adapted from TechCrunch