Halodoc Lay Off Employees to Maintain Growth
In July 2023, Halodoc just secured series D funding worth $100 million led by Astra Digital
Startups healthtech Halodoc laying off (layoff) a number of its employees. The company argued that this step was taken in response to major changes in the macroeconomic, political and geopolitical situation globally and domestically.
"Requires all business players to continue to adapt, evaluate business strategies regularly, and transform to ensure the best strategy to face industry dynamics," said VP Government Relations & Corporate Affairs Halodoc Adeline Hindarto in an official statement.
He continued, as a technology company in the health industry, adaptation and agility have been the company's mantra since its presence in Indonesia. Facing the current industrial climate, companies need to prepare organizations that are responsive to future changes, and for this reason companies must carry out rightsizing.
The total number of employees affected by this decision was not stated. Sources said that out of around 1.300 employees, 950 people remained, or almost 30%, who were laid off.
Adeline ensures that the company continues to fulfill employee rights in accordance with applicable regulations and laws. Every employee will have health insurance coverage until December 2024.
According to him, this transformation step was taken with careful consideration in order to maintain the company's relevance and sustainability in the future. For sure in the future, Halodoc will continue to focus on improving services and expanding access to health services for the community, with an orientation towards productivity, agility and long-term business sustainability.
According to our records, currently Halodoc become a player healthtech largest in Indonesia with a range $600 million valuation. This startup is also predicted to have the potential to become unicorn next from the health sector. Service Halodoc quite thorough, especially on the sides consumer healthcare. Apart from telemedicine, they also run an e-pharmacy business model, health services on demand, product wellness, to mental health services.
Just announced series D funding
In July 2023, Halodoc just pocketed it series D pendanaan funding led by Astra Digital with $100 million, with other investors Openspace and Novo Holdings participating in the round.
This investment is expected to bring integration between the Astra Group, through Hermina and Halodoc, and the Astra ecosystem, in order to create a smoother patient experience. Also, it opens up more opportunities for people to obtain health services equally and with quality throughout the country.
Halodoc use these funds for four things:
- Strengthening its integrated ecosystem with more health actors ranging from doctors, pharmacists, hospitals, clinics, to insurance providers;
- Developing various preventive health services, including Home Lab services that enable users to get various health test services from home comfortably and privately;
- Developing Asuransiku, so that users can get health services that have been integrated with insurance services in a more seamless and affordable manner;
- Increasing public awareness of a healthy lifestyle and the importance of maintaining health before getting sick.
In Indonesia itself, Halodoc compete directly with a number of players. Some of them are Alodokter, Good Doctor, KlikDokter, Prixa, and several others.