IFC Invests in Tawada to Boost Indonesia’s Health Sector

By Editorial Team 20/09/2023
health technology, medical application
Summary

International Finance Corporation (IFC) has invested US$15 million in Tawada Healthcare, a health tech startup that provides medical equipment and services.

The fund will help Tawada expand its distribution network and build a new manufacturing facility in Central Java, according to Tawada’s CEO Satrija Sumarkho. “Indonesia still lags behind most other countries in terms of access to quality health services and the country realizes the need to guarantee access to health for the people,” he said on Sept 18.

Euan Marshall, IFC Country Manager for Indonesia and Timor-Leste, said this investment is part of IFC’s collaboration with the Health Ministry to support Indonesia’s efforts to develop the pharmaceutical, vaccine, and medical technology industries, as well as to strengthen its health sector resilience. “This investment shows our commitment to the health sector in Indonesia.”

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