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Healthcare Startup Practo Raises $30 Million From Sequoia Capital & Matrix Partners

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practo funding

practo funding

Mumbai-based healthcare startup, Practo Technologies, which helps people search for doctors online, has raised $30 million (over Rs 185 crore) in a fresh series B funding from Sequoia capital and Matrix partners. The company will use funding to finance expansion in nearly 30 Indian cities and overseas markets by March 2016.

Matrix India Managing Director Avnish Bajaj will be joining Practo’s Board of Directors. Practo had earlier raised $4 million from Sequoia Capital in mid-2012.

Practo Search is the largest doctor search engine in Asia with 4M monthly searches and company’s flagship product Practo Ray is the clinic management software of choice used by 30,000 doctors managing tens of millions of patients and their healthcare.

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Practo claims that its $30 million series B funding is one of the largest investments into digital health globally and the largest for any Indian healthcare technology company

Related – 30+ Online Health & Wellness Related Portals in India

Practo currently has its presence in cities such as Delhi, Mumbai, Chennai, Hyderabad, Bengaluru and Pune in India apart from having footprints in Singapore and Philippines. In India, the startup is looking to expand in other cities such as Chandigarh, Ahmedabad, Nagpur, Jaipur and Coimbatore.

With this round funding, Practo will expand our reach to serve hundreds of millions of people around the world. In the coming few months the startup will;

  1. Expand to 35 cities in India
  2. Open multiple more international locations (current location are India, Singapore & the Philippines)
  3. Grow the team of Practeons from 600 Practeons today to more than 1500 by December 2015

Practo Technologies is founded in 2008, in a college hostel dorm room by Shashank ND and Abhinav Lal and in 2009 Practo becomes part of the Start-up Acceleration Program initiated by Morpheus Venture Partners.

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Vardaan
Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

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