How many total Healthcare companies are there in Indonesia?

As of January 2026, Indonesia has 596 active Healthcare companies.

How many Healthcare companies in Indonesia are funded?

As of January 2026, 59 companies have received funding in this sector.

What is the total funding raised by Healthcare companies in Indonesia?

Healthcare companies in Indonesia have collectively raised $899M in funding till date.

Who are the top investors in Healthcare companies in Indonesia?

The top investors in Healthcare companies in Indonesia by number of investments are The Carlyle Group and Plug and Play Tech Center.

Which is the highest funded Healthcare company in Indonesia?

As of January 2026, Mandaya Royal Hospital Puri has raised $17M in funding, highest among the funded Healthcare companies in Indonesia.

Healthcare in Indonesia - 2026 Market & Investments Trends

The Healthcare sector in Indonesia comprises 677 companies, including 59 funded companies having collectively raised $899M in venture capital money and private equity. Out of these, 72 are Series A+ funded.

Healthcare sector in Indonesia has seen 17 acquisitions and 48 IPOs. This represents almost 9.6% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.

Key Metrics

Total Companies

677

Top Companies

Eisai, Garuda Indonesia & more

Total Funding

$899M

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

View complete details of this sector

There are more than 677 companies in Healthcare in Indonesia. Eisai is the top Healthcare company in Indonesia, ranked using Tracxn Score (what's this?).

Here are 5 of the top Healthcare companies in Indonesia:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Eisai	Developer of drugs for oncology and neurological disorders	Jakarta (Indonesia)	1941	Public	-
Garuda Indonesia	Operator of passenger airlines	Tangerang (Indonesia)	1947	Public	-
Siloam Hospitals	Chain of multispeciality hospitals	Tangerang (Indonesia)	1996	Acquired	$165M
Kalbe Farma	Developer and manufacturer of pharmaceuticals, OTC, energy drink and nutrition products	Jakarta (Indonesia)	1966	Public	-
BMHS	Health system	Jakarta (Indonesia)	1973	Public	-

Get a longer list of companies

Companies founded year-on-year in the Healthcare sector in Indonesia

27 Healthcare startups in Indonesia were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	1
2024	6
2023	2
2022	21
2021	15
2020	27
2019	24
2018	24
2017	23

Stage-wise distribution of Healthcare sector companies in Indonesia

Out of the total 677 Healthcare companies in Indonesia, 59 have secured funding. Among them, 72 have reached Series A or higher, and 68 to Series B or beyond.

Founded - 677

Funded - 59

Series A+ - 72

Series B+ - 68

Series C+ - 67

Company Stage	No. of companies
Founded	677
Funded	59
Series A+	72
Series B+	68
Series C+	67

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Total funding year-on-year in the Healthcare sector in Indonesia

The Healthcare sector in Indonesia saw a total funding of more than $897M in the last 10 years. The most amount of funding was in 2025 at more than $405M.

Total Funding

Year	Total Funding
2025	$405M
2024	$157M
2023	$27.6M
2022	$21.3M
2021	$1.55M
2020	$72.5M
2019	$1.25M
2018	$500K
2017	$45M

Recent Funding Rounds in Healthcare in Indonesia

In the year 2024, till December 2024, Healthcare companies in Indonesia have raised $157M in equity funding across 1 round. In the same period last year (i.e. till July 2023), Healthcare companies in Indonesia had raised $20.5M across 3 rounds. So, 2024 has seen a 665.85% rise in funding in Healthcare companies in Indonesia as compared to 2023.

Here are some recent, important funding rounds in Healthcare companies in Indonesia:

Company	Round Raised	Amount Raised	Funding Date	Investors
Mayapada Hospital	PE	9529	Dec 12, 2024	Bain Capital
Mitra Plumbon	PE	8813	Jul 24, 2023	Growtheum Capital Partners
Fithub	Seed	8957	Apr 10, 2023	East Ventures and 4 more
Mandaya Royal Hospital Puri	Series B	5943	Jan 03, 2023	Bangkok Bank and 1 more
Nusantics	Series A	6993	Sep 14, 2022	Illumina

See a more detailed list of funding rounds

The Carlyle Group is the top investor in Healthcare companies in Indonesia based on number of companies invested.

Here are some top investors in Healthcare companies in Indonesia:

Investor	Location	Top Portfolio Companies
The Carlyle Group	Washington, DC (United States)	-
Plug and Play Tech Center	Sunnyvale (United States)	-
General Atlantic	New York City (United States)	-
CVC	New York City (United States)	Siloam Hospitals
East Ventures	Tokyo (Japan)	R Fitness, Bicarakan ID, Fithub and Nusantics

See a more detailed list of investors

In the year 2024, till October 2024, 3 acquisitions happened in Healthcare sector in Indonesia. Last year, in 2023, a total of 1 acquisition happened in Healthcare sector in Indonesia.

Here are some recent, important acquisitions in Healthcare sector in Indonesia:

Company	Acquisition Type	Acquisition Date	Acquirers
Heartology	Business Acquisition	Oct 11, 2024	ASTRA
Siloam Hospitals	Business Acquisition	Aug 07, 2024	CVC
Brawijaya Women & Children Hospital	Business Acquisition	May 16, 2024	Saratoga Investama Sedaya
Revass Utama Medika	Business Acquisition	Nov 27, 2023	OrbusNeich
Bunda Group	Business Acquisition	Oct 06, 2022	BMHS

See a more detailed list of acquisitions

Acquisition trends in Healthcare sector in Indonesia

Here are the acquisition trends in Healthcare sector in Indonesia:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	3
2023	1
2022	3
2021	1
2020	3
2019	2
2018	-
2017	-

In the year 2025, till July 2025, 2 IPOs happened in Healthcare sector in Indonesia.

Here are some recent, important IPOs in Healthcare sector in Indonesia:

Company	IPO Date	Exchange Symbol
Diastika	Jul 10, 2025	Indonesia Stock Exchange (IDX)
Brigit	Jan 13, 2025	Indonesia Stock Exchange (IDX)
Estaindonesia	Aug 08, 2024	Indonesia Stock Exchange (IDX)
PT UBC Medical Indonesia	Jul 10, 2024	Indonesia Stock Exchange (IDX)
PT Ikapharmindo Putramas	Nov 08, 2023	Indonesia Stock Exchange (IDX)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the Healthcare in Indonesia

Most number of Healthcare startups in Indonesia have been founded by alumni from University of Chicago, Bandung Institute of Technology (ITB) and Imperial College London.

College	No. of companies
University of Chicago	2
Bandung Institute of Technology (ITB)	1
Imperial College London	1
Stanford University	1
University of Pennsylvania	1
Wharton School	1

Total funding in Healthcare companies founded by alumni from top colleges in Indonesia

In the last 10 years, University of Chicago, University of Pennsylvania and Wharton School graduates' Healthcare companies in Indonesia have raised the most funding among top colleges.

College	Total Funding
University of Chicago	$1.75M
University of Pennsylvania	$1.75M
Wharton School	$1.75M
Bandung Institute of Technology (ITB)	-
Imperial College London	-
Stanford University	-