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Practo raises $30MSeries B fund from Sequoia Capital and Matrix Partners

Tags: Practo, healthcare, digital health, Sequoia Capital, Matrix India

February 13, 2015 | COMMENTS ( 0 )

Practo raises $30MSeries B fund from Sequoia Capital and Matrix Partners

Practo, a doctor search engine has announced its expansion plans to 35 Indian cities and more than 6 international locations by March 2016. Practo is already present in India, Singapore & Phillipines and growing rapidly in each of these markets.

“The $30M series B funding is one of the largest investments into Digital Health globally and the largest for any Indian healthcare technology company,” said the press statement.

Existing investor Sequoia Capital led the round with participation from Matrix Partners. Avnish Bajaj, MD, Matrix India will join Practo’s  Board of Directors.

Every month, over 1M users book 120,000 appointments via Practo Search. Practo Search volume has grown more than 10x in the last 1 year.

“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.”said, Shashank ND, Founder & CEO, Practo.

“Practo is revolutionizing 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 Abhinav Lal, 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.

“From our first seed investment in Practo in 2011, the company has come a very long way, thanks to the hard work of an incredibly committed entrepreneurial team. The company has now scaled to being the market leader in online healthcare in India, a category that has created multiple multi-billion dollar companies around the world. We are deeply committed to Practo’s goals and aspirations to transform access to healthcare and positively impact society,” said, Shailendra Singh, MD, Sequoia Capital.

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