Thursday, February 2, 2023



WhiteCoat, a healthtech company, triples revenue and targets profitability in Singapore.

WhiteCoat, a telehealth company, made more than S$10 million (US$7.7 million) in sales last year, more than triple what it had made in 2021. The firm intends to double that sum this year.

By the end of the year, the Singapore-based business, which was established by Bryan Koh in 2018, hopes to become profitable there as well.

The company entered Vietnam and Indonesia in 2022. In these markets, it hopes to become profitable within the first four years of operation. It also plans to enter Malaysia and Thailand with its insurer- and corporate-focused B2B model.

A firm representative told Tech in Asia, "We will also continue to assess and seize expansion prospects in other regions of the region where we can establish payer agreements and where there is market receptivity for telemedicine."

The company has begun its series B fundraising campaign in an effort to achieve $25 million. In a prior round led by the GEC-KIP Technology and Innovation Fund, WhiteCoat closed its series A at a price of $10 million USD.

WhiteCoat recently introduced paediatrics, obstetrics, chronic illness management, and mental wellness services in addition to its basic care offering.

After the company established its regional headquarters in Singapore, this news was released.

WhiteCoat, a healthtech company, triples revenue and targets profitability in Singapore.

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WhiteCoat, a healthtech company, triples revenue and targets profitability in Singapore.