practo

Continuing its international expansion, doctor booking platform Practo has started operations in Malaysia.  In September, Practo had expanded to Indonesia and Philippines and is now present in five countries – India, Singapore, Philippines, Indonesia and Malaysia.

The company will offer two products in Malaysia, Practo Ray, its cloud-based practice management solution for doctors and clinics and Practo Search, which allows consumers to search through their verified database of healthcare professionals. It has also deployed a team of 15 in the country initially and plans to widen its operations in the country.

Currently, Practo claims 50% coverage of private practices in Kuala Lumpur. In the coming months it plans to expand to Petaling Jaya, Shah Alam, Subang Jaya, Puchong, Klang, and Seremban which surround Kuala Lumpur. Practo also plans to be present in northern Malaysia including Georgetown, Ipoh, Taiping, and Alor Setar.

Note that there are only a few Indian startups which have a global presence. Zomato, InMobi, Printvenue and FlatChat are a few names that come to our mind (let us know if we’ve missed out on any).

Insta Health and Qikwell acquisitions

In September, Practo acquired Insta Health, an end to end cloud hospital info management solution and Qikwell, a Bangalore-based doctor discovery and booking platform. At the same time the company revealed that it manages 40 million appointments yearly.

Funding

In August, the company raised $90 million in a Series C funding round led by Tencent and Sofina with existing investor Sequoia Capital. Google Capital, Altimeter Capital, Matrix Partners and DST Global founder Yuri Milner also participated in the round. This round totals Practo’s funding at $125 million.

Diagnostic centres search

In July, Practo added diagnostic centers to its platform which would allow users to search for medical test centers near them. Users would be provided accreditation information to determine the quality of the lab, check if home pickup facility is available, prices for different tests conducted by the lab, and photographs of the lab facility.