About Insta by Practo
Insta by Practo is a company based in Bengaluru (India) founded in 2008 was acquired by Practo in September 2015. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Insta by Practo has raised $1 million across 3 funding rounds from investors including Practo, Mumbai Angels and Athera Venture Partners. The company has 276 employees as of July 31, 2024. Insta by Practo offers products and services including Insta HMS, Revenue Cycle Management, and Clinical Solutions. Insta by Practo operates in a competitive market with competitors including athenahealth, Notable, Symplr, Lemon Healthcare and Helium Health, among others.
- Headquarter Bengaluru, India
- Employees 276 as on 31 Jul, 2024
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Practo Technologies Pvt. Ltd
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Annual Revenue
$18.36 M (USD)10as on Mar 31, 2024
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Net Profit
$1.17 M (USD)115as on Mar 31, 2024
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EBITDA
$2.46 M (USD)139as on Mar 31, 2024
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Total Equity Funding
$1 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Practo
& 3 more
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Employee Count
276
as on Jul 31, 2024
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Acquired by
Practo
(Sep 14, 2015)
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Products & Services of Insta by Practo
Insta by Practo offers a comprehensive portfolio of products and services, including Insta HMS, Revenue Cycle Management, and Clinical Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Clinic operations are streamlined with automated workflows and EMRs.
Financial processes are managed for clinics and hospitals efficiently.
Clinical workflows are supported with digital tools for providers.
Funding Insights of Insta by Practo
Insta by Practo has successfully raised a total of $1M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(01 Apr 2009)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2011 | Amount | Series A - Insta by Practo | Valuation | Focus Softnet |
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| Nov, 2009 | Amount | Angel Round - Insta by Practo | Valuation | Mumbai Angels |
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| Apr, 2009 | Amount | Series A - Insta by Practo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Insta by Practo
Insta by Practo has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Practo, Mumbai Angels and Athera Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Athera.
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Founded Year | Domain | Location | |
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Offers ERP, CRM, and HCM solutions to optimize business processes in various sectors globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Insta by Practo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Insta by Practo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Insta By Practo Comparisons
Competitors of Insta by Practo
Insta by Practo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as athenahealth, Notable, Symplr, Lemon Healthcare and Helium Health, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based administrative tools for healthcare providers are offered.
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| domain | founded_year | HQ Location |
Wearable device provided for capturing patient-doctor interactions.
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| domain | founded_year | HQ Location |
Cloud-based administrative solutions for healthcare credentialing and compliance are offered.
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| domain | founded_year | HQ Location |
Hospital management software is provided for patient care processes.
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| domain | founded_year | HQ Location |
Electronic medical records software is provided for healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare analytics are delivered to enhance provider performance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Insta By Practo
Frequently Asked Questions about Insta by Practo
When was Insta by Practo founded?
Insta by Practo was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Insta by Practo located?
Insta by Practo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Insta by Practo?
Shashank ND is the current CEO of Insta by Practo.
Is Insta by Practo a funded company?
Insta by Practo is a funded company, having raised a total of $1M across 3 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on Apr 01, 2009.
How many employees does Insta by Practo have?
As of Jul 31, 2024, the latest employee count at Insta by Practo is 276.
What is the annual revenue of Insta by Practo?
Annual revenue of Insta by Practo is $18.36M as on Mar 31, 2024.
What does Insta by Practo do?
Healthcare operations are streamlined through Insta by Practo, a cloud-based hospital management system. Solutions are offered for revenue cycle management, clinical workflows, patient administration, and regulatory compliance. Integration with systems like NABIDH, Malaffi, and NPHIES is supported for insurance and health information exchange. The software is utilized by clinics and hospitals across multiple countries to enhance patient engagement, boost productivity, and simplify workflows. Digital transformation in healthcare is facilitated through automated processes and secure data handling.
Who are the top competitors of Insta by Practo?
Insta by Practo's top competitors include athenahealth, Notable and Symplr.
What products or services does Insta by Practo offer?
Insta by Practo offers Insta HMS, Revenue Cycle Management, and Clinical Solutions.
Who are Insta by Practo's investors?
Insta by Practo has 4 investors. Key investors include Practo, Mumbai Angels, Athera Venture Partners, and Focus Softnet.
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