Practo, an Indian company providing a platform to find healthcare providers and book appointments, raised $55M in Series D funding.
The round was led by Tencent Holdings, with participation from ru-net, RSI Fund (owned by Recruit Holdings), Thrive Capital and existing investors Sequoia, Capital G (formerly Google Capital), Matrix Partners, Altimeter Capital and Sofina.
The company will use the funds to continue to expand operations and develop its integrated healthcare platform.
Practo provides consumers with a platform to manage appointment booking, online consultation and medicine ordering, health records, and get access to health content written by doctors; and doctors, clinics, diagnostic centres, hospitals with business intelligence solutions to improve patient experience & bring efficiencies in their business. To this end, the company recently acquired Enlightiks, an advanced analytics firm, to offer to healthcare enterprises.
Customers include Max Healthcare, Manipal, Cloud9, Lifeline hospital in Abu Dhabi and American Academy of Cosmetic Surgery Hospital in Dubai.