Singapore-headquartered telehealth firm ORA has raised $10 million in a Collection A funding spherical – touted to be the most important telehealth funding in Southeast Asia up to now – led by TNB Aura and Antler. The spherical was additionally participated by Gobi Companions, Kairous Capital, and GMA Ventures.
WHAT IT DOES
ORA runs a vertically-integrated telehealth platform that delivers over 250,000 consultations since launching in 2021. It homes three manufacturers: on-line dermatology model Modules, male health-focused andSons, and OVA, which is centred on feminine well being.
It’s set to launch its medically-backed merchandise throughout 1,300 tier-one shops later this yr.
WHAT IT’S FOR
The corporate at the moment operates in Singapore, Malaysia, and the Philippines, with plans to enter new territories utilizing its recent funds. In an announcement, ORA stated it sees enlargement alternatives within the Center East. Furthermore, it’s eager to launch new choices quickly.
So far, the corporate acquired $17 million in complete funding.
MARKET SNAPSHOT
One other vertically-integrated telehealth platform in Singapore, Ordinary Folk, additionally attracted investments final yr; it raised $5 million in pre-Collection A funding for its enlargement throughout Singapore and Hong Kong.
Eucalyptus, an Australian firm that homes 5 telehealth manufacturers, additionally snapped up $42 million in Collection C funding final yr for its enlargement in the UK.
ON THE RECORD
“ORA has had over six million affected person contact factors present us with precious well being knowledge by means of in depth well being evaluations and session on-line. This has introduced distinctive insights into these affected person’s healthcare expectations which have and can inform future improvements with our key companions,” stated CEO and founder Elias Pour, who was additionally Zalora’s ex-CMO.
