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Startups

Southeast Asia's health care startups attract wary investors

Telemedicine and drugstore firms prove popular amid COVID-19 scare

Singapore-based Doctor Anywhere, which raised $27 million in late March, provides video consultation services with doctors, including COVID-19 medical advice, via a smartphone app. (Photo by Kentaro Iwamoto)

SINGAPORE -- Startups in Southeast Asia, especially those in health care and deliveries, have managed to raise millions of dollars to accelerate their expansion, showing investors' appetite to find promising openings in the region despite the economic turmoil stemming from the coronavirus pandemic.

Among the health care startups that seem to have been boosted during the pandemic is Singapore-based telehealth app Doctor Anywhere, which raised $27 million in late March in a series B funding round from a group of investors including Malaysian hospital operator IHH Healthcare.

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