Practo Raises $30M Series B Financing from Sequoia Capital and Matrix Partners
Bangalore, India, February 12, 2015: Practo, the doctor search engine in Asia, today announced it’s expansion plans to 35 Indian cities and 6+ international locations by March 2016. Practo is already present in India, Singapore & Phillipines and growing rapidly in each of these markets.
The $30M series B funding is one of the largest investments into Digital Health globally and the largest for any Indian healthcare technology company.
Existing investor Sequoia Capital led the round with participation from Matrix Partners. Avnish Bajaj, Managing Director at Matrix India will join Practo’s Board of Directors.
Every month, over 1M users book 120,000 appointments via Practo Search. Practo Search volume has grown more than 10x in the last 1 year.
“We are on a mission to improve human longevity by simplifying healthcare. Over the next 12 months we will expand to 35 cities in India and several more international locations to help hundreds of millions of consumers around the world find the best doctors and make better healthcare decisions.” said Shashank ND, Founder & CEO, Practo.
“Practo is revolutionizing healthcare by enabling consumers to find the best doctors, book instant appointments and make better, more informed health decisions. It is our privilege to work with Shashank ND and Abhinav Lal, the founders of Practo, to scale and bring Practo to millions of consumers around the globe.” said Avnish Bajaj, co-Founder and Managing Director, Matrix India.
“From our first seed investment in Practo in 2011, the company has come a very long way, thanks to the hard work of an incredibly committed entrepreneurial team. The company has now scaled to being the market leader in online healthcare in India, a category that has created multiple multi-billion dollar companies around the world. We are deeply committed to Practo’s goals and aspirations to transform access to healthcare and positively impact society.” said Shailendra Singh, Managing Director at Sequoia Capital.
