Practo Technologies Private Limited

Practo Technologies Private Limited is a healthcare platform that streamlines access to medical services, offering features such as online consultations, appointment scheduling, and medicine delivery for patients and healthcare providers. Founded in 2008, Practo Technologies Private Limited operates from Bangalore, India, and specializes in providing healthcare solutions. The company has successfully raised USD 31. 99 mn in its Series D funding round in August 2020, led by Associated Independent Agencies, Inc.

, with several notable participants including CapitalG and Sequoia Capital. Its core team includes founders Abhinav Lal, Shashank ND, and Siddhartha Nihalani, with Shashank ND currently serving as CEO. Practo is a comprehensive healthcare platform that offers a wide range of products and services designed to facilitate access to medical care and enhance patient experiences. Its core offerings include video consultations with doctors, the ability to book doctor appointments, order medicines, and check diagnostic tests.

The Practo app allows users to search for doctors, clinics, and hospitals, making healthcare services more accessible to patients. For healthcare providers, Practo offers tailored solutions such as Practo Pro, assisting doctors in managing their practices and improving patient engagement. Practo primarily operates in India, Southeast Asia, and the Middle East, serving a diverse client base including individual patients, healthcare professionals, clinics, and hospitals, thereby addressing various healthcare needs. In the most recent year of 2023, Practo's revenue was reported at USD 17.

15 mn, with an EBITDA of USD -6. 48 mn, reflecting the financial dynamics of their operational model focused on B2C and B2B transactions through subscriptions and service fees. Following its most recent funding round in August 2020, Practo plans to utilize the raised USD 31. 99 mn to further expand its product offerings and enhance its service capabilities.

The company aims to introduce new features and services designed to improve patient engagement and streamline healthcare processes. Additionally, Practo is looking to expand into international markets where it sees potential for growth, specifically targeting regions in Southeast Asia and the Middle East by the end of 2023.