In the past three years, based in Ho Chi Minh City I tell myself has grown to 500,000 active users by providing 24/7 single-demand prescription drug delivery services. It now plans to grow its telehealth ecosystem with $2 million in new funding from East Ventures, with participation from Pavilion Capital and Touchstone Partners.
The new capital will allow Medigo to expand its remote medical consultations, drug delivery services and home testing services, including blood tests, urine tests and pregnancy tests.
Medigo’s app connects users with nearby licensed pharmacies and delivers medications in 20 minutes. It currently has 1,000 pharmaceutical partners in Hanoi, Da Nang and Ho Chi Minh City, the three largest cities in Vietnam, and will begin expanding to Tier 2 cities such as Binh Duong, Vung Tau and Hai Phong this year.
The startup’s CEO and co-founder, Ha Le, started working on the app after he had trouble finding fever-reducing medicine for his daughter in the middle of the night. “When I was in college as a software engineer, I never thought that working in the healthcare space would be the focus of my daily life, but now it’s my life’s mission,” he told TechCrunch.
Medigo has many competitors, including Doctor Anywhere, Jio Health, Edoctor, Long Chau, Pharmacity, and Rightnow. He told her that Medigo differentiates itself by working with 24-hour pharmacies, so it can operate 24/7 on a consistent basis. It also plans to connect different providers, so that users can have more options on the same platform.
In a statement about the investment, East Ventures managing partner Koh Wai Kit said: “Digital technologies can improve the accessibility and affordability of good quality healthcare. We are excited about Medigo’s mission to revolutionize pharmacies and healthcare services in Vietnam.”
