Jio Health Secures $5 Million Series A Funding to Expand Online Healthcare Platform with Remote Consultation Services

VCBeat (WeChat Official Account: vcbeat) learned from foreign media that on April 1, local time in Vietnam, health tech startup JIO Health completed a $5 million Series A financing round. The funds will be used to expand JIO Health’s medical service platform and add new service categories, including eye care and dermatology treatment.

It is reported that this round of financing was led by Monk's Hill Ventures. In addition, JIO Health has expanded the size of its board of directors, with Lim Kuo-Yi, a partner at Monk's Hill Ventures, joining the JIO Health board.

JIO Health, established in 2014, primarily operates an online healthcare platform designed to provide users with remote consultation services, thereby reducing patients’ medical costs. JIO Health’s online healthcare offerings include telemedicine consultations, medical data collection, and home visit services by general practitioners in Vietnam. Its service portfolio spans pediatrics, primary care, chronic disease management, and supportive services, and will soon expand to cover ophthalmology, dermatology, and oncology.

JIO Health not only helps patients optimize treatment processes for chronic diseases but also provides regular physical examinations to promptly identify other health issues. After paying the subscription fee via cash, credit card, or health insurance benefits, users can log in to JIO Health’s service platform to either select home-visit doctor services or receive 24/7 remote medical consultations through video chats on the JIO Health platform. The one-on-one service model offered by JIO Health alleviates patient embarrassment concerning privacy during consultations and reduces offline waiting times. Furthermore, JIO Health offers diverse services for families with children, including regular monitoring of child development, vaccination counseling, comprehensive nutritional advice, allergy prevention guidelines, as well as asthma prevention recommendations and corresponding treatment plans.

Raghu Rai, Co-founder and CEO of JIO Health, stated, “We look forward to collaborating with the Monk's Hill Ventures team to expand JIO Health’s service offerings, thereby meeting the demand for high-quality medical services among the population in Vietnam.”

Lim Kuo-Yi, Partner at Monk’s Hill Ventures, stated, “Jio Health is committed to delivering trustworthy healthcare services. We are delighted to collaborate with the Jio Health team to build a more comprehensive healthcare service platform.”

Monk’s Hill Ventures is a venture capital firm dedicated to investing in early-stage technology startups, with a primary focus on Southeast Asia. Over the past two decades, Monk’s Hill Ventures has helped build numerous companies in Southeast Asia and gained operational experience across all major Asian countries, including China, Japan, and Indonesia. Leveraging its expertise in scaling businesses in Southeast Asia, Monk’s Hill Ventures aims to help entrepreneurs establish large-scale enterprises globally. Additionally, the firm has established information networks in Asia and the United States to assist entrepreneurs in further fundraising, securing key corporate clients, recruiting top talent, and expanding their international operations.

(Compiled by Liu Yujing)