Practo raises $90M Series C to expand its operations

Practo mobile

India-based Practo has raised $90 million in Series C funding, TheHindu is reporting. Tencent led the round, with participation from Sofina, Sequoia India, Google Capital, Altimeter Capital, Matrix Partners, Sequoia Capital Global Equities and Yuri Milner.

This latest round of funding comes a few months after Practo has closed a $30 million Series B round from Sequoia India and Matrix Partners, bringing the company’s total money raised to date to $125 million.

Practo is looking to expand from the current 35 Indian cities and three countries to over 100 Indian cities and 10 countries across South East Asia, Latin America, Middle East and Eastern Europe.Practo plans to expand its offering by adding new staff, as well as look for potential acquisition of companies over the next three to six months. The company is looking to expand from the current 35 Indian cities and three countries to over 100 Indian cities and 10 countries across South East Asia, Latin America, Middle East and Eastern Europe.

“We are hard at work building a single health app that helps people live healthier by making better healthcare decisions for themselves and their loved ones,” said Shashank ND, Founder & CEO of Practo. “We are excited to partner with some of the best investors on the planet. Our global partners will give us the edge to continue building global healthcare products that our users love.”

With increase in operations and network, Practo now has nearly 200,000 healthcare practitioners on its platform and over 10 million monthly searches by consumers.