Online clinic management service Practo raises Rs 25 crore from Sequoia Capital

Created on: 07/30/2012 - 17:17

Bangalore-based Practo, an online service for scheduling appointments with doctors, has
secured Rs 25 crore from Sequoia Capital. Practo was started in 2008 and its
primary product, Practo Ray, an online clinic management software for doctors to manage patient appointments, has over 10,000 doctors across India using it for
scheduling appointments with patients. Practo will use the funding to expand
its 80-member team to around 350 and launch products in the US and Europe in
next two years.

"You can discover a good food joint or
order pizza online, but cannot schedule the appointment with a doctor,"
said Shashank ND, Co-Founder and Chief Executive, Practo Technologies, adding, "Our
technology significantly improves patient experience and allows better
functioning of clinics.”

The firm's flagship product Practo Ray
provides automated appointment scheduling, storage of healthcare records
including X-rays, files, prescriptions and billing. Practo’s platform currently
manages 10,000 appointments per day with 8,000 doctors at 5,000 dental, wellness
and other healthcare centers across India. The service is free for patients,
but doctors have to pay Rs 700 per month.

Practo aims to reach one lakh doctors and
50 million patients in the next three years. Sequoia, which has about $1.4
billion under management, was impressed by Practo due to the fast adoption of
its service by thousands of doctors.

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