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Practo raises $30M in funding from Matrix Partners & Sequoia Capital

Healthcare technology startup Practo has raised $30 million in a round of funding led by existing investor Sequoia Capital and with participation from Matrix Partners, reports the Times of India. The startup will use the funds to expand to 35 more cities in India over the next six months and for hiring. Note that Sequoia Capital had previously invested $4 million in Practo in its first round of funding back in 2012. Practo provides a platform for patients to find doctors. Users can search for doctors based on specialty and location, doctor name or clinic name. The search can be further refined based on the area inside the city, availability, timings and consultation fee. Patients can directly book appointments from the search results, which display relevant doctors, their timings, fees, reviews and address. The service is free for patients, and is currently available in Delhi, Hyderabad, Chennai, Pune, Mumbai, Kolkata and Bangalore among other cities in India, as well as in Singapore and metro Manila in the Philippines. Doctors can get listed on the platform for free as well, however Practo also offers a paid practice management software for doctors called Practo Ray. The practice management software is currently priced at Rs 999/month for a basic plan and Rs 1999/month for an advanced plan. Both plans offer a cloud based platform to keep records, a calendar, EMR, billing management, patient communications, reporting, printouts and mobile apps among other features. The advanced plans additionally offers multiclinic management with one number, missed…

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