ORA raises USD 10Mln Series A to modernize healthcare

ORA BRANDS
Ora Brands

Singaporean telehealth platform ORA has raised $10 million USD in Series A funding. This is the largest telehealth Series A in South-East Asia and was co-led by TNB Aura and Antler with participation from Gobi Partners, Kairous Capital, and GMA Ventures, bringing total funding to date above $17 million USD. ORA is the fastest-growing and biggest vertically-integrated telehealth platform in South East Asia delivering over 250,000 consultations and uninterrupted monthly growth since its 2021 launch.

ORA has launched three brands that serve the modern patient living with chronic conditions, making treatment more accessible, convenient and personal. Modulesis a first to market online dermatology experience making personalised, prescription skincare accessible with 676 different formulations, andSons offers male health solutions and OVAdelivers female reproductive healthcare.

Founded by former ZALORA CMO Elias Pour, ORA is uniquely positioned with a diverse, proven leadership team with rich backgrounds across health, tech and consumer brands. Backed by a robust medical advisory board, ORA’s R&D team draws on experience from L’Oréal and Sephora creating high-touch products and experiences that are IP’d and 100% in-house developed.

With strong attention to customer experience, first-to-market solutions like Modules, andSons, and Ova are meeting modern customer expectations head-on. These interactions are translated into deeper patient relationships, building retention rates only rivaled by subscription models like Netflix and unrivaled within the industry. 90% of ORA’s patients are first to condition, under 38 years old, and have never been treated before. The disconnect between this younger patient population and the traditional healthcare model is ORA’s biggest opportunity. These new patients have a different set of demands such as flexibility and speed which ORA’s telemedicine model is perfectly placed to treat. ORA’s seamless end-to-end experience joins up the fragmented traditional model, linking consultation, education, pharmacy, delivery, and post-purchase care for unparalleled convenience.

Elias Pour ORA Founder & CEO
Elias Pour ORA Founder & CEO

“ORA is on a mission to deliver high touch, high-quality care to millions of patients, and with our continued growth story throughout SEA, we are thrilled with today’s announcement.” Said Elias Pour, ORA’s founder and CEO. ORA has had over 6 million patient touch points provide us with valuable health data through extensive health evaluations and consultation online. This has brought unique insights into these patient’s healthcare expectations that have and will inform future innovations with our key partners.” “We have the high growth potential of DTC, with a very high percentage of healthcare expenditure in our region being out of pocket. This is powered by an underlying SAAS type of recurring revenue, with subscriptions counting for more than 70% of our revenue and our retention is better than Netflix with 10x the monthly order value. We achieved post-marketing breakeven at the end of last year on a group level after just 20 months of going live and have a very clear and believable path to profitability that is imminently ahead of us.

With this new round of funding ORA will seek to expand its presence into new territories, both geographically and with new offerings. Later this year ORA’s brands will arrive in retail across 1300 tier-one stores bringing its accessible, medically-backed range of products to shelves. Looking at different geographies there are opportunities to expand into regions like the GCC.

Charles Wong, Founding Partner at TNB Aura
Charles Wong, Founding Partner at TNB Aura

Charles Wong, Founding Partner at TNB Auracommented: “Since ORA’s early days, TNB Aura has been a firm believer and strong supporter of Elias and the ORA team’s unwavering mission to provide access to affordable high-quality healthcare. Their combined focus on specialized, and often taboo, healthcare verticals as well as a direct-to-patient approach has led the team to clearly differentiate itself while delivering market-leading unit economics that meet the tailored needs of patients across the full value chain.”

Teddy Himler ,Global Partner at Antler
Teddy Himler, Global Partner at Antler

Teddy Himler – Global Partner at Antler added: “Elias and team have learned from the extraordinary rise of telehealth globally and have applied it masterfully to the idiosyncratic (And often challenging) South East Asia region. We are inspired and supportive of their mission to become

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