Healthtech startup Practo Raises Rs 120 Crore From Trifecta Capital, Internal Investors

Franchise India Bureau June 25 2019 - 3 min read
Healthtech startup Practo Raises Rs 120 Crore From Trifecta Capital, Internal Investors
Practo has raised Rs 120 crore from Trifecta Capital and other internal investors.

Practo has raised Rs 120 crore from Trifecta Capital and other internal investors.

The Bengaluru-based healthtech platform had floated an offer of Rs 70 crore debt from Trifecta. The first half of the capital has come in June, while the second half will come if the company raises at least $30 million funding in the ongoing round.

Founded by Shashank ND and Abhinav Lal in 2008, Practo operates as a marketplace model to offer multiple services to users ranging from finding the healthcare provider to booking an appointment, online doctor consultation, getting their tests done and ordering medicines.

Practo further makes software products for helping healthcare providers in digitising their hospitals and clinics.

The company is claiming to have a presence in 15 countries. Practo enables 50 million appointments a year and declares to have 100,000 healthcare providers on-board.

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