Practo Raises $55M Series D, led by Tencent

Practo has raised $55M Series D funding in a round led by Tencent. Three new investors joined Practo – ru-Net, RSI Fund (owned by Recruit Holdings) and Thrive Capital.

Other existing investors Sequoia Capital, Matrix Partners, Capital G (formerly Google Capital), Altimeter Capital & Sofina also participated.

Practo partners with healthcare providers like doctors, clinics, diagnostic centers, hospitals etc. to help them improve patient experience & bring in efficiencies in their business.

On the enterprise side, Practo’s customers includ institutions like Max Healthcare, Manipal, Cloud9 and many others who use Practo’s software to provide a superior healthcare experience to their patients.

Doc ! We Need Twitter Partnership To Launch A Twitter Handle #PRSHIT

Earlier, Lookup did it. And now, Practo took it to the next level.

What am I talking about? No, not a great product launch – but #PRSHIT that exists and pretty much drives the startup ecosystem.

Practo has *partnered* with Twitter…to launch a twitter handle.

On World Health Day, Practo and Twitter are partnering to make healthcare access easier than ever.

Twitter users can get their healthcare queries answered in real time via the @AskPracto handle. Users  can Tweet to @AskPracto and they will get responses in real time from verified doctors and experts.

“This is a first of its kind solution in the world and we’re building this right here in India. The ease of access and simplicity will be disruptive in how people access healthcare information. We’re really delighted to partner with Twitter to bring this solution to our consumers and help millions live healthier, longer lives.” said Shashank ND, Founder & CEO, Practo.

“Twitter’s real-time, public and conversational capabilities helps people connect with things that matter, big and small. Our customer service partnerships are designed to improve user experience and access to daily utility such as real-time train schedules, pollution data, and customer care from brands.

We are excited about our partnership with Practo as this addresses a fundamental need for users and opens up the benefit of real-time healthcare information access to millions of users in India, Singapore, and the Philippines,” said Ravichandran Bhaskaran, Head of Business Development, India and South Asia, Twitter.

I mean, are you fucking serious? Do you really need Twitter partnership to launch a Twitter handle ? What about Twitter? Lost all its mojo?

Welcome to the PRSHIT driven Indian startup ecosystem – where it’s not about the PRoduct, but about PR.
Now who is announcing partnership with Google to use the Google apps account?

Practo Enters Commerce; Now Lets You Order Medicines

Practo has launched Practo Order, a new feature that now lets you order medicines from the app.
practo-buy-medicine

There are several startups in online medicine buying space (nedmeds, merapharmacy etc), though no player being big enough to be called #1 or #2.

For Practo, ordering medicine online is a stand alone feature – but imagine integrating the same with Practo Ray, the doctor management system.

Unless the loop closes, expect discounts and more GMV stories to drive traction.

Practo last raised $90mn in August 2015, acquired InstaHealth for $12mn and recently acquired Qikwell (appointment booking platform); and has launched in SE Asia.

Practo Acquires Qikwell; Expands Healthcare Appointment Booking Platform

Practo has acquired Qikwell – a player in appointment scheduling at hospitals. This acquisition makes Practo a leading appointment booking platform with nearly 40 million appointments managed every year.

With this, Practo gets a fantastic product that delivers a great consumer experience in hospitals and clinics by providing smooth appointment booking, significantly reduced waiting time as well as contactless payment at the hospital. The key proprietary technologies and algorithms help synchronize patients, doctors and front office staff at the hospital to reduce the average wait time by over 3X resulting in a much better consumer experience as well as better optimization of the hospital operations. Practo will use this technology to improve the booking experience across the entire Practo platform.

Qikwell started in 2011, by Krishna Prasad Chitrapura and Raghavendra Prasad TS, today has 100+ employees and over the last 4 years has grown to become one of the leaders in hospital appointment scheduling with presence across 250 Hospitals in 19 cities. It powers the patient experience across some of the marquee hospitals including Manipal, Fortis, Cloudnine, Narayana Hrudalaya and many more. It also has over 6000+ top doctors across India including the top Pediatricians, Gynecologists, Neurologists and more. Qikwell will continue to be led by Krishna Prasad, Co-Founder & CEO, Qikwell and Raghavendra Prasad, Co-Founder & CPO, Qikwell.

“Qikwell is thrilled to join Practo in our quest to enable digital healthcare worldwide. We share the same passion, vision and commitment to customers in offering great products. We chose Practo over some other options because together we can offer superior, comprehensive and integrated solutions for all participants in the healthcare ecosystem across patients, doctors and healthcare providers. I look forward to working with Shashank and the Practo team in realising our shared vision of transforming healthcare globally.” – said Krishna Prasad, Co-Founder & CEO, Qikwell

Practo recently raised $90mn and acquired InstaHealth for $12mn.

Practo Acquires Insta Health for $12M

Practo has acquired Insta Health Solutions – a provider of cutting edge end to end cloud based hospital information management solution (HIMS) that powers hospitals across 15 countries in India, South East Asia, Middle East and Africa. Some of Insta’s key customers are Cloudnine, Deepam Hospitals, MyDentist in India, DaVita in India and Malaysia, Skyline Hospital in Manila, NMC Group of hospitals in UAE, Karen Hospital in Kenya and many more.

Insta will operate as a separate division and will continue to be led by Ramesh Emani, Founder & CEO, Insta Health. Ramesh has over 24 years of experience in building strong software and product teams across various verticals at Wipro. Prior to founding Insta about 7 years back, he served in various capacities at Wipro including CTO of Wipro Technologies. His last position in Wipro was as President of Telecom and Product Engineering solutions, where he was responsible for handling the world’s largest third party engineering services group.

This acquisition brings to Practo a great product, a fantastic team and an expanded global customer base. The acquisition will provide an option to hospitals using Insta’s product to integrate with Practo’s platform and thus provide a superior healthcare experience to patients by enabling them to search and easily find information about doctor availability across hospital and departments, instant bookings as well as no wait times or queues once they reach the hospital for their appointment. Patients will also be able to access all their health records post their discharge on Practo either on the web or on the mobile app.

Insta is used by both standalone and chain of clinics, hospitals and diagnostic labs for automating their clinical, operational and financial processes such as scheduling, registration, out-patient and in- patient management, billing, electronic medical records (EMR), ward and bed management, diagnostics, advanced insurance and lab equipment integration, operation theatre, pharmacy and inventory management, specialty modules like dental, dialysis, IVF, Pediatrics, etc.

The acquisition will help accelerate Practo’s Partner Program that is designed to enable HIMS providers around the world to integrate with Practo’s platform to provide consumers a seamless healthcare experience no matter which hospital they visit. Insta was one of the first few partners to come onboard on this program.

Practo Launches In Indonesia

Practo has launched in Indonesian market and the Practo Search product will be available both in Indonesian bahasa and English.

Practo Search enables consumers to search through this verified database of doctors and find the one that’s right for them. Consumers can search using doctor’s name, specialization, and even symptoms. Once they get results, consumers can click through the Practo Profile for each professional or establishment to read more details including years of experience, qualifications, affiliations and specializations as well as see clinic photos and get GPS co-ordinates of location for easy turn-by-turn navigation right from within the Practo App.

Consumers in Indonesia will be able to search through over 4200 verified doctors in over 60% of all clinics across Jakarta DKI using Practo website or app which have been specially built for the region.

Simultaneously, Practo is also embarking on expansion within the Philippines to completely cover Cebu, Cavite and Batangas regions as well as expand product lines to cover more healthcare segments across wellness, fitness, medicine,preventive and curative as well to ensure that consumers have a single app they need for all their healthcare requirements.

Practo already covers the Greater Manila area and lists over 70% of all doctors in the region (over 11,000).

Practo recently raised $90mn in Series C funding.

Practo Raises $90M In Series C, Led by Tencent

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.practo

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.

Practo Acquires Genii, A Product Outsourcing Company To Strengthen Tech

Practo has acquired Genii, a product outsourcing firm with deep domain experience building bespoke e-commerce portals, SaaS platforms across retail, media, finance and other industries for clients including Axis Bank, Mediassist, Economic Times, HDFC RED and others.

practo-genii

The founders of Genii, Varun Vohra and Aditya Anand, along with the 11-member team will join Practo and move to Bangalore. Genii founders will lead product teams and accelerate Practo’s focus on the enterprise space with products focused around hospitals, diagnostic centers and others.

Practo Goes Beyond Doctor Search ; Launches Diagnostic Search

Practo has now gone beyond doctor search to enable consumers to find the closest diagnostic center for the tests they want.

Practo's Diagnostic Search
Practo’s Diagnostic Search

Users can search on Practo and check the quality of the lab by reading through the accreditation information, see high quality photographs and filter results by proximity, home pickup facility as well as price.

Consumers can also filter to see which labs offer a digital report and in the near future, Practo will enable consumers to get their reports in the Practo app automatically instead of having to collect it from the center or get it via email.

The new product will be available in 8 cities to begin with and will then expand to 35 cities in India and Practo’s international markets in the coming months. The 8 cities of launch are Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Pune, Nashik and Trivandrum.

Practo Acquires FitHo To Expand Offering In Preventive Healthcare Space

Practo, the doctor search engine has acquired Fitho Wellness – a digital fitness solution, that has over 2M people from across the globe use every year. practo
The acquisition will help Practo rapidly expand its offerings and move into the preventive healthcare space.
The founders of Fitho, Dhruv and Prachi Gupta will join Practo, with Dhruv taking on the role of Product Head for Preventive and Prachi taking on the role of GM – Operations, New Segments.
Practo also acquires the proprietary algorithm and recommendation engine which automatically suggests custom diets and exercise regimes to users based on their lifestyle, fitness requirements and food preferences.
FitHo’s current offering will phase out over the next 6 months and Practo will launch a completely new preventive product that will leverage some of the technology from FitHo.

Practo Raises $30 Million From Sequoia Capital & Matrix Partners

practoDoctor search service Practo has recently raised $30 Million in funding from Sequoia Capital and Matrix Partners. The round was led by existing investor Sequoia Capital with participation from Matrix Partners. Avnish Bajaj, Managing Director at Matrix India will join Practo’s Board of Directors.
Practo claims that over one million users book 120,000 appointmnets via Practo Search and that Practo Search volume has grown more than 10x in the last 1 year.
Post this funding, Bangalore based Practo will expand to 35 Indian cities and 6+ international locations by March 2016. Practo is already present in India, Singapore & Phillipines and has shown consistent growth in each of these markets.