Practo raises $90M to expand footprint of practice management IT and

191 crores) in its Series B funding round led by Sequoia Capital and Matrix Partners earlier this year bringing Practo’s total funds raised to $125 million (roughly Rs.

Practo does not now have any plans to enter China, but saw the opportunity to benefit from Tencent’s experience in scaling up Internet-based businesses, Shashank said. “We hardly used any of those capital”.

Practo said it facilitates 10 million searches every month.

Practo is in a unique position of having a globally respected strong B2B software product (Practo Ray) that is tightly integrated with its much loved consumer offering (Practo Search) – creating a hyperloop and connecting the entire healthcare ecosystem, while helping millions of consumers to make better healthcare decisions. Over 1.5 lakh doctors are listed on the service in over 35 Indian cities with over 8000 hospitals on its platform. Recently, it launched a new feature that allows users to find diagnostic labs in their vicinity. It derives its top-line from Practo Ray, which is sold to doctors.

Other prominent companies in the doctor discovery and practice management segment in India are Lybrate, Ziffi, Qikwell and HelpingDoc.

About discussions with investors he said, “Discussions happened over the last few months”. Also, in February Matrix Partners along with existing investor Sequoia Capital had pumped in $30 Mn (R180 Cr) in the eHealthcare services provider.

About the role that investors play, he said “This is a great set of investors”.

“Practo is a digital healthcare leader and one of the fastest growing healthcare companies in India”.

For Altimeter Capital, the seven-year-old US investment firm founded by tech entrepreneur Brad Gerstner, this is its first investment in an Indian startup.