Practo raises $55mn in Series D led by Tencent

BANGALORE, INDIA: Practo today announced $55mn Series D funding in a round led by Tencent with partcipation from ru-Net, RSI Fund (owned by Recruit Holdings) and Thrive Capital. Existing investors Sequoia Capital, Matrix Partners, Capital G (formerly Google Capital), Altimeter Capital & Sofina also participated in the round.

“This round will help us continue our geographic expansion. 2017 will be the year our integrated healthcare platform comes to life and we will partner with various service providers to build solutions with Practo. This will be made possible by providing a central infrastructure on which the entire healthcare ecosystem can interact, connect, create & exchange value by linking layers of data, communication & payments to deliver better care,” said Shashank ND, Founder & CEO, Practo.

Practo will use the fund to build an integrated platform to unlock value for the entire healthcare ecosystem and invest further in its international operations.

Practo, reently has expanded its enterprise software to the Middle East with customers including noted institutions such as Lifeline hospital in Abu Dhabi and American Academy of Cosmetic Surgery Hospital in Dubai using Insta – the full-stack HIMS solution for enterprises.

Practo’s recent acquisition of advanced analytics firm Enlightiks enables it to offer business intelligence solutions to healthcare enterprises.

In India, Max Healthcare, Manipal, Cloud9 and many others also use Practo’s software to provide a superior healthcare experience to their patients.