Health Care startupPracto technologies have big plans to expand to 35 Indian cities and more than six international locations by March 2016. Practo has already presence in India, Signapore and Phillipines and registered growth in these markets.
The $30 million investment plan of the company to realise this expansion dream is one of the largest investments by any Indian healthcare technology company into Digital health, globally. Existing investor Sequoia Capital led the round with participation from Matrix Partners. Avnish Bajaj, MD or at Matrix India will join Practo’s Board of Directors.
“We are on a mission to improve human longevity by simplifying healthcare. Over the next 12 months we will expand to 35 cities in India and several more international locations to help hundreds of millions of consumers around the world find the best doctors and make better healthcare decisions,” told Shashank ND, Founder and CEO, Practo.
“Practo is revolutionising healthcare by enabling consumers to find the best doctors, book instant appointments and make better, more informed health decisions. It is our privilege to work with Shashank ND and AbhinavLal, the founders of Practo, to scale and bring Practo to millions of consumers around the globe,” said Avnish Bajaj, co-Founder and MD, Matrix India.
According to Shailendra Singh, MD at Sequaio Capital, since their very first investments in Practo in 2011, the company has come a very long way due to the hard work and committed entrepreneurial team, there. The company has raised it to a level of being a market leader in online healthcare in India. He expressed his company’s commitment to Practo’s goals and aspirations to transform access to healthcare in India leaving a positive impact on society.