IFC Boosts Indonesian Healthcare and Tech Startups with Multi-Million Dollar Investments
IFC, a member of the World Bank Group, is investing in Indonesian healthcare and agritech startups to boost affordability and growth. Koltiva and Mythic Protocol have also secured significant funding to expand their services.
IFC's USD 15 million investment in Tawada Healthcare aims to enhance access to affordable healthcare. The funds will support the company's medical device distribution and manufacturing expansion.
Koltiva, an Indonesian agritech startup, raised a seven-figure USD sum in Series A funding led by AC Ventures. The company will use the funds to expand its software-as-a-service solution for multinational corporations, enabling supply chain traceability from seed to table.
Mythic Protocol, a Singapore-based gaming and entertainment-focused Web3 company, raised USD 6.5 million in an oversubscribed seed round co-led by Shima Capital and Alpha JWC Ventures. The funds will be used to create a collaborative ecosystem of entertainment products leveraging blockchain technology.
Evo Commerce, a Singapore-based direct-to-consumer health and beauty retailer, raised USD 2.8 million in a mix of equity and debt financing led by IJK Capital Partners. The company will primarily use the funds for product development and market expansion.
Bababos, an Indonesian raw material procurement platform, secured USD 2 million in seed funding, according to DealStreetAsia.
These investments signal a boost in confidence for Indonesia's healthcare and tech industries. IFC's involvement, along with other investors, is expected to stimulate growth and improve access to affordable healthcare and innovative services.
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