India’s Practo Technologies raises $30M for its doctor search service

Practo Android app

India-based healthcare start-up Practo Technologies has raised $30 million in Series B round led by Sequoia Capital, with participation from Matrix Partners. As part of the deal, Matrix India Managing Director Avnish Bajaj will be joining Practo’s Board of Directors.

The company helps people search for doctors online, book instant appointments and make better, more informed health decisions. It plans to use the fresh funds to expand in nearly 30 Indian cities, South East Asia and the Middle East by March 2016. Right now, it has presence in cities such as Delhi, Mumbai, Chennai, Hyderabad, Bengaluru and Pune in India, apart from having footprints in Singapore and Philippines.

Locations in India that the company is looking to expand in include Chandigarh, Ahmedabad, Nagpur, Jaipur and Coimbatore, among others.

The $30 million series B funding is one of the largest investments into digital health globally and the largest for any Indian healthcare technology company. Practo had earlier raised $4 million from Sequoia Capital in mid-2012.

Every month, over one million users book 1,200,000 appointments via Practo Search.


[Via: The Economic Times of India]