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Practo secures $55 million in funding for international expansion

Doctor discovery platform Practo has raised $55 million in a series D round of funding led by Tencent and participation from ur-Net, RSI Fund, Thrive Capital and existing investors Sequoia Capital, Matrix Partners, Capital G, Altimeter Capital & Sofina. The company will use the funds for international expansion and further improve its platform.

It’s been sometime since Practo raised funds – the company had previously raised $90 million back in August 2015 at a valuation of $525 million. It had also raised $30 million from existing investors earlier the same year. The current funding brings the total funding in Practo to about $180 million.

Since its previous funding, Practo has added various services and features, either through acquisitions, or on its own, as well as expanded internationally. Just last month the company had acquired healthcare analytics company Enlightiks for an undisclosed amount. It had also acquired Qikwell, a Bangalore based doctor discovery and booking platform, Insta Health Solutions, an end to end cloud hospital info management solution, Genii, a Mumbai based product and development firm and digital fitness solution FitHo since the start of 2015.

As for features, the company recently started integrating consent forms with its doctor software, and had tied up with Uber and Ola to enable users to directly book a cab from its app. Internationally, the company had expanded its services to Indonesia and Malaysia by the end of 2015.

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