Healthcare technology company Practo announced a fund raising of $30 million last week, from Sequoia Capital India and Matrix Partners, with plans to expand the business to 35 cities in India. MediaNama spoke with Practo co-founder Shashank ND on how the company, which employs 600 people, makes money, its views on adding additional revenue streams, what surprised it about its international expansion, among other things: MediaNama: What do you intend to do with the funds you've raised? Shashank ND: The most important thing for us is our expansion. We're expanding to 35 cities using this fund-raise. So far, our reach has been limited to 6 cities in India: Bangalore, Hyderabad, Chennai, Delhi, Mumbai and Pune. We should be done with 35 cities by the end of this year. The expansion has already started: We have added 6 more cities. We expect to complete 35 cities much before the end of this year. We are also present internationally, in Philippines and Singapore. We intend to increase the presence to a few more cities in South East Asia, in the Middle East and other developing markets. The cities we are considering are Indonesia, South Africa, Dubai and Brazil. Some of these countries, we're launching in this year itself. MediaNama: What is it that you need to do to expand to these cities? Shashank ND: Practo search is a portal where patients can find doctors. We have around 120,000 doctors on our portal. Consumers search 4 million times right now for the right doctor for…
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