Practo closes $55M in Series D funding round led by Tencent
Bangalore-based digital healthcare startup Practo has raised $55 million in Series D funding round led by China’s Tencent, with participation from new investors ru-Net, RSI Fund, owned by Recruit Holdings and Thrive Capital. The existing investors Sequoia, Capital G, Matrix Partners, Altimeter and Sofina also participated in the round.
The company has already entered Middle East with its enterprise software, which the company claims is used by institutions such as Lifeline hospital in Abu Dhabi and American Academy of Cosmetic Surgery Hospital in Dubai. Now, with this funding, it aims to invest further into international operations.
Practo was also launched in Brazil in March 2016.
“I am happy to share that we’re taking the next significant step in our march towards simplifying healthcare and building a singular destination for all healthcare needs,” said Shashank ND, Founder and CEO, Practo.
The company has already entered Middle East with its enterprise software, which the company claims is used by institutions such as Lifeline hospital in Abu Dhabi and American Academy of Cosmetic Surgery Hospital in Dubai. Now, with this funding, it aims to invest further into international operations.
Practo was also launched in Brazil in March 2016.