19/6/2018 – Thailand securities and investment bank AEC Securities Public Co Ltd (AECS) has announced that it has invested an undisclosed amount in healthcare startup GetDoc which aims to expand into Thailand.
According to AECS, this joint venture agreement was part of GetDoc’s plan to expand in the Thai market, as well as part of the company’s regional strategy to grow the company’s own connected healthcare platform.
AECS has medical related businesses in Thailand and operates the country’s largest aesthetics chain. According to AECS executive director Akalarp Timwilai, its investment in GetDoc will further strengthen its position to offer health-related services in the Thai market.
This deal was unveiled earlier this month after GetDoc closed a US$1.6 million pre-Series A round led by its adviser Alan Wong.
The round also saw the participation of other high net-worth individuals, including Vivien Chou of Chou Wen Hsien Estate and Janifer Yeo, the group CEO of retail chain JYSK Group.
Launched in 2016, GetDoc is part of Jireh Group and acts as a medical content provider and doctor appointment management platform. It seeks to educate the masses on medical conditions and help them find the right physician.
The platform has partnered with more than 200 clinics in Singapore and 1200 clinics in Malaysia and aims to have an extensive search database to connect patients to doctors.
Commenting on the deal, Jireh Group’s CEO Woon Shung Toon said, “we believe our JV will be very well positioned to capture the opportunities in both Thai and the neighboring markets given AECS’ industry expertise and tremendous resources in the Indochina markets, together with its deep root in Thailand’s digital social media market.”
Moving forward, the startup aims to become a one-stop medical portal for the healthcare industry. It will use the investment to build new user-centric features, such as queue management and electronic medical notes.