Doctor booking platform Practo has appointed Manish Dugar as its global CFO. Dugar will be responsible for the company’s financial, legal and regulatory operations from 15 April. Dugar will also be instrumental in scaling Practo’s businesses across the world.
Dugar is the an advisor at ToneTag since February 2016 and was previously the CFO at InMobi. He has also worked with RPG Enterprises as the finance president and group CFO, SVP and global head of the Wipro BPO. Prior to that, Dugar has worked with Reckitt Benckiser, Coca Cola India, Marico and Larsen & Toubro.
In November last year, Practo has entered into a partnership with Uber to allow its users to get a cab to their doctor appointments in India, Indonesia, Philippines and Singapore, with plans of expansion to other countries.
Funding: In August 2015, Practo 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 made Practo’s total funding at $125 million.
Malaysia expansion: In October 2015, Practo started operations in Malaysia. The company right now offers 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.
Acquisitions: In September 2015, Practo acquired Qikwell, a Bangalore based doctor discovery and booking platform, for an undisclosed amount. In the same month, it acquired Insta Health Solutions, an end to end cloud hospital info management solution for $12 million. In July 2015, Practo acquired Mumbai based product and development firm Genii for an undisclosed sum. In April, Practo acquired digital fitness solution FitHo to start offering preventive healthcare solutions to its users.