Nallori secures $7 million to fund regional expansion
- This tour was led by Pruksa Group, the leading real estate group in Thailand
- To finance the relocation to Thailand, and to strengthen operations in M’sia, S’pore, Indonesia
Naluri Pte Ltd (Naluri) has announced that it has secured a US$7 million (RM30.8 million) pre-Series B funding round, led by Pruksa Group, Thailand’s leading real estate developer.
In a statement, the digital health service provider said the Pruksa Group investment is joined by Bertelsmann Investments from Germany and Striders Corporation from Japan and backed by several return investors, including M Venture Partners, Palm Drive Capital and INP Capital.
The new funding is for Nalori’s strategic expansion in Thailand, and will boost the company’s operations in Malaysia, Singapore and Indonesia, the company said.
Nalori claimed that its digital health service and healthcare cost containment solution deploys technology to deliver integrated person-centered care to transform lives for people at risk or manage more prevalent chronic and mental health conditions.
The company, founded in 2017 by entrepreneur Azran Osman Rani and medical systems expert Jeremy Ting, claimed to combine evidence-based interventions and human-led expertise with a digital platform (via the Naluri app) to deliver significant health outcomes at a lower cost. for healthcare payers.
According to Naluri, Southeast Asia is facing an epidemic of chronic non-communicable diseases, which are now responsible for 60% of deaths in the region.
As mental health conditions including depression, anxiety, stress and fatigue worsen against the backdrop of COVID containment measures, the demand for accessible, affordable and scalable solutions has spurred Nalori’s growth.
Azran Osman Rani, co-founder and CEO of Naluri, said more must be done not only to manage chronic health and mental conditions, but also to prevent them as well.
We must do it quickly and effectively. Global markets have tightened, but this investment confirms Nalori’s mission and accelerates our efforts to provide support to the most deserving people in the region.”
To date the company has claimed to serve more than 75 of the region’s leading employers in industries that include financial services, oil and gas, property development, telecommunications, higher education and aviation.
It said it offers effective wellness solutions to businesses in Malaysia, Singapore, Thailand and Indonesia, with imminent plans to expand into the Philippines, Hong Kong and Australia.