Practo operates a consumer-facing platform for finding doctors, doctor-provided information, and a Q&A feature, alongside a practice-management SaaS sold to healthcare centers. The company reports it is closing in on 45 million appointments per year and works with roughly 200,000 healthcare practitioners, 10,000 hospitals and 5,000 diagnostic centers. Its consumer service is active in India, the Philippines, Indonesia, Singapore and Brazil, while its software business has customers in 15 countries. Practo says international revenue is nearly 20–25% of overall revenue and that it has established solid revenue across its SaaS and marketplace businesses. The company is aiming to broaden its international footprint into more emerging markets (Southeast Asia, Latin America, the Middle East and Africa) and is exploring moves into health insurance as part of turning Practo into an integrated healthcare platform for consumers. Practo operates a two-sided platform that pairs a medical search/marketplace connecting patients to doctors and institutions with a practice-management product, Practo Ray. The company says it has 200,000 doctors, 8,000 hospitals and 5,000 diagnostic centers across 35 Indian cities, and claims 80% doctor coverage in Singapore and Manila. Its portal handles about 10 million monthly searches. Practo has expanded into Singapore and Manila and is pursuing aggressive geographic growth, aiming for 100 Indian cities and 10 international markets by March next year and is close to launching in six new countries. The startup has been acquisitive — buying fitness app Fitho and e-commerce startup Genli — and expects to double its 1,500-strong team over the next year through hires and deals. Practo says it currently has no CFO and plans to deploy the new capital into product development and geographic expansion rather than asset-heavy models. Practo operates a consumer-facing doctor search and appointment portal alongside a SaaS practice-management product called Practo Ray. The portal is free for patients and doctors and the company monetizes via Ray licensing and search-result advertising. The service lists 120,000 doctors and reports about 1.5 million visitors and 4 million searches per month; it also has fledgling businesses in Singapore (6,000 4,300 doctors) and has launched in the Philippines. Practo says roughly one-third of activity is from mobile after launching an iOS app (Android launched prior), and mobile traffic recently doubled. The company plans to scale to 35 Indian cities and at least four additional international markets this year, targeting Southeast Asia, the Middle East, South Africa and Brazil, and to expand offerings to diagnostic labs and hospitals. Headcount is expected to grow from 600 to over 1,500 by end of 2015, and the business is "moving towards profitability" in India while remaining capital intensive. Practo builds Practo Ray, a web-based clinic management system that automates appointment scheduling and stores patient records (X-rays, files, prescriptions) and billing. The company also operates Practo.com to help patients find and connect with doctors and has launched an online API for partners. Its platform manages roughly 10,000 appointments per day across about 8,000 doctors at 5,000 dental, wellness and other healthcare centres in India. Practo says several pharma companies and healthcare vendors are building applications on its API. The company plans to use new funding to launch its products globally and expand its team from about 80 employees to around 350 over the next two years. Financially, Practo completed a Series A round raising Rs 25 crore (around $4.6M) from Sequoia Capital.

Total raised

$180M

Funding rounds

4

Latest round

Series D

Latest activity

Jan 2017