Practo, the Doctor Search Engine, Raises Series B Funding of $30 Million
Date: Wednesday , March 11, 2015
The leading doctor search engine in Asia, Practo has raised a funding of $30 million in series B round of funding led by their existing investor Sequoia Capital. The funding round also witnessed participation from Matrix Partners and it was also announced that the Managing Director of Matrix India, Avnish Bajaj, will be joining the Practo\'s Board of Directors. The investment has set a benchmark in the industry as it is one of the largest investments into Digital Health globally and the largest for any Indian healthcare technology company. In the event, the company also announced their expansion plans to 35 Indian and 6+ international locations by March 2016.
Incorporated in 2008, Practo has been personifying their mission to simplify healthcare by connecting the dots between doctors and patients. Users can browse through multiple options of doctor\'s details, consultation fees, timings and clinic photos, picking doctors who best suit their needs, from the comfort of their home or their mobile phone. With their firm presence spread across India, Singapore & Phillipines, Practo has been recording over 1 million users every month and the number of appointments made via Practo Search accounts to 120,000 appointments till date. The company which has astounded its competitors through their 10 times larger search volumes in their last one year alone now has also piqued the interests of the industry through their first-of-its-kind investment round.
Talking about their expansion plans, Shashank ND, Founder & CEO of Practo, proudly quotes, \"We are on a mission to improve human longevity by simplifying healthcare. Over the next 12 months we will expand to 35 cities in India and several more international locations to help hundreds of millions of consumers around the world find the best doctors and make better healthcare decisions\".