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Practo raises $90 ( Rs 573-crore) million in series C funding

This successful round of Series-C funding by Practo led by Tencent will help the company to focus on expanding the product line, look for potential acquisitions, and increase its manpower

Healthcare platform Practo has recently attracted a $90 million in Series C funding investment by different investors, lead by Tencent, with participation from Sofina, Sequoia India, Google Capital, Altimeter Capital, Matrix Partners, Sequoia Capital Global Equities and Yuri Milner. The money will be churned further for expanding the product capabilities, seeking potential acquisitions, and suiting the manpower requirement of the company in the due course of time.

In next 3-6 months, the company’s focus areas for expansion include medicine, wellness and fitness, globally. Practo today enjoys presence in 35 Indian cities and three countries, and is focused to increase its presence to over 100 Indian cities and 10 countries across South East Asia, Latin America, the Middle East and Eastern Europe. The focus area of operations is to expand business in the diagnostic market.

Source: self
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