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Practo raises $55 million in Series D funding

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Bengaluru: Digital healthcare start-up Practo Technologies has raised $55 million in a Series D funding.

The funding is led by China’s Tencent Holdings Ltd and also participated in the round by the existing investors Sequoia Capital, Matrix Partners, Google Capital, Sofina and Altimeter Capital. They were joined by new investors RSI Fund, owned by Japan’s Recruit Holdings Ltd, New York-based Thrive Capital and Russian venture capital firm ru-Net, according to available information.

About Practo: Practo was launched as a provider of practice management software for doctors, called Practo Ray. It launched a consumer-facing doctor discovery and appointment booking platform in 2013. Practo currently employs about 1,500 professionals and claims to aggregate 200,000 healthcare professionals, 10,000 hospitals, 8,000 diagnostic centres and 4,000 wellness and fitness centres in India, Brazil, Philippines, Malaysia, Indonesia and Singapore.

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