Practo has closed $90M in Series C funding. This round was led by Tencent, with participation from marquee institutional investors including Sofina, Sequoia India, Google Capital, Altimeter Capital, Matrix Partners, Sequoia Capital Global Equities and Yuri Milner.
This comes a few months after closing a $30M Series B round from Sequoia India and Matrix Partners, bringing Practo’s total funds raised to $125M – one of the largest in the world of Digital Health.
Over the past six months, Practo has grown over 6x to become one of the fastest growing healthcare platforms in the world with nearly 200,000 healthcare practitioners on it and over 10M monthly searches by consumers looking to make the right healthcare choices.
“Sofina is proud to join Practo on its journey to transform the way stakeholders interact in the healthcare space, consistent with our strategy to be a long-term partner of world-class entrepreneurs and investors in growth markets.” – Maxence Tombeur, Head of Asia at Sofina.
Over the next three to six months Practo will expand product lines and continue to look for potential acquisition of companies to encompass key healthcare segments and provide a seamless experience across medicine, wellness and fitness, globally.
The footprint will 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.