India's Practo raises $55m series D led by Tencent
17-Jan-17, Tech In Asia
India’s Practo, a healthcare startup, has raised US$55 million in series D funding led by China’s Tencent. Three new investors – Thrive Capital, Ru-Net, and Recruit – joined the existing investors in this round.
%20Tech%20In%20Asia.jpg "Indias Practo raises 55m series D led by Tencent (c) Tech In Asia")
Image: Tech In Asia
Shashank ND, Practo’s founder and CEO, said the funds will be used to foray into health insurance, partnering with leading health insurance providers, and will look at bundling them with its consumer-facing services.
Aggregating over 200,000 doctors across a network of 10,000 hospitals, 8,000 diagnostic centers, and 4,000 wellness and fitness centers in India, Brazil, Philippines, Malaysia, Indonesia, and Singapore, the five-year-old startup does everything from connecting patients to doctors, helping clinics manage their customers, and creating customized fitness digital products.