Practo, a top doctor search engine in Asia, today announced its expansion plans to reach 35 Indian cities and more than six international locations by March, 2016. Practo is already present in India, Singapore & Phillipines and growing rapidly in each of these markets.
Towards this expansion, Practo has raised $30 million in fresh funding from existing investor Sequoia Capital and participation from Matrix Partners. This is one of the largest investments into digital health globally and the largest for any Indian healthcare technology company.
Every month, over 1 million users book 120,000 appointments via Practo search and the volume has grown more than 10x in the last 1 year, the company said in a press note.
“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.
“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, Managing Director at Sequoia Capital.