Daily Markup #270: Naluri bags US$5 million to strengthen services in chronic diseases & mental health; Clinikk provides travelers with peace of mind for US$0.82; Vault Dragon’s secret solution to improving the healthcare system

Credit: Digital News Asia

A springboard for health

  • 500-backed digital health startup Naluri has closed a US$5 million funding round led by Singaporean VC firm Integra Partners. According to Digital News Asia (DNA), this is the first time the Malaysian government will match a private capital contribution, dollar-for-dollar, to spur the local startup ecosystem.
  • Naluri, which focuses on chronic health conditions and mental wellbeing, will use the funds to expand operations in Singapore and Indonesia and to launch in Thailand and the Philippines.
  • According to the article, the startup also plans to strengthen its tech and data science capabilities to enhance its product and predictive algorithms in areas such as depression detection.
  • The startup will continue to invest in clinical research, with plans to launch clinical research in Europe.
  • Read the full article on DNA here.
Credit: The Economic Times

Safe travels

  • 500-backed insurtech and healthtech startup Clinikk has partnered with Travomint, an online travel service provider to provide affordable and accessible healthcare to Travomint’s customers.
  • This partnership hopes to cater to travelers who seek peace of mind in terms of medical support while traveling in the time of a pandemic.
  • As part of the agreement, all travelers making a booking via Travomint will get a 3-month teleconsultation subscription for only ~US$0.82. Under this subscription, teleconsultations are unlimited, on-demand 24/7, and available in multiple languages
  • Customers will also receive a discount of up to 20% on the delivery of medicines and lab tests, amongst other benefits on the Clinikk App.
  • Read the full article on The Economic Times here.
Credit: Channel News Asia

Ambitious undertakings

  • “The only way to ensure growth is to look after the customer experience,” Ching-Tse Tseng, founder, and CEO of 500-backed Vault Dragon said to TechNode Global.
  • “What we really provide is a ready-made solution that can digitalize the workflow of healthcare institutions–a middle layer that connects all the different stakeholders in the ecosystem, with the end result of empowering the patients,” he added.
  • According to Ching-Tse, the company is currently focused on Singapore, and is looking toward expanding into Vietnam, the Philippines, China, Indonesia, and Thailand.
  • In an interview with Galen Growth, he revealed that the startup has been working on a data solution in stealth mode for three years. He shared that the solution will be open source and ready to use.
  • Read the full interview TechNode Global here.

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500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.

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