About Practo
Practo is a company based in Bengaluru (India) founded in 2008 by Siddhartha Nihalani, Abhinav Lal, and Shashank Navalurkar Dattatreya.. Practo has raised $227.88 million across 9 funding rounds from investors including Tencent, AIA Group and Peak XV Partners. The company has 401 employees as of December 11, 2024. Practo has completed 4 acquisitions, including Enlightiks, FitHo and Insta by Practo. Practo offers products and services including Video Consultation, Appointment Booking, Medicine Ordering, and Diagnostic Tests. Practo operates in a competitive market with competitors including Hinge Health, MediBuddy, Betterfly, Cerner and Halodoc, among others.
- Headquarter Bengaluru, India
- Employees 401 as on 11 Dec, 2024
- Founders Siddhartha Nihalani, Abhinav Lal, Shashank Navalurkar Dattatreya
- Stage Minicorn
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Sectors
TechnologyHealthcare
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Practo Technologies Pvt. Ltd.
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$17.76 M (USD)9.7as on Mar 31, 2024
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Net Profit
$1.14 M (USD)115.11as on Mar 31, 2024
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EBITDA
$35.97 K (USD)100.58as on Mar 31, 2024
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Total Equity Funding
$227.88 M (USD)
in 9 rounds
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Latest Funding Round
$1.68 M (USD), Series D
Apr 26, 2022
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Investors
Tencent
& 16 more
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Employee Count
401
as on Dec 11, 2024
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Investments & Acquisitions
Enlightiks
& 3 more
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Products & Services of Practo
Practo offers a comprehensive portfolio of products and services, including Video Consultation, Appointment Booking, Medicine Ordering, and Diagnostic Tests. 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.
Service for instant video calls with doctors for health concerns
Platform to search and book doctor appointments online easily
System for ordering and delivering prescribed medicines quickly
Feature to book and manage laboratory diagnostic tests remotely
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Funding Insights of Practo
Practo has successfully raised a total of $227.88M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $1.68 million completed in April 2022. 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 9
- Last Round Series D — $1.7M
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First Round
First Round
(27 Mar 2013)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series D - Practo | Valuation | AIA Group , Z47 |
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| Aug, 2020 | Amount | Series D - Practo | Valuation | Sequoia Capital | |
| Feb, 2019 | Amount | Series D - 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 Practo
Practo has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, AIA Group and Peak XV 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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Venture capital investment firm
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage technology companies
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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 Practo
Practo has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Enlightiks, FitHo and Insta by Practo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Data analytics platform for actionable insights
|
2012 | ||||
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Online doctor appointment booking platform
|
2011 | ||||
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Web-based Weight Management Program
|
2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - 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 |
Practo Comparisons
Competitors of Practo
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 Hinge Health, MediBuddy, Betterfly, Cerner and Halodoc, 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 |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Online platform offering multiple healthcare services
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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| domain | founded_year | HQ Location |
Online platform for employee health benefits
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| domain | founded_year | HQ Location |
An online teleconsultation platform for health disorders is provided.
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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 Practo
Frequently Asked Questions about Practo
When was Practo founded?
Practo was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is Practo located?
Practo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Practo?
Shashank Navalurkar Dattatreya is the current CEO of Practo. They have also founded this company.
Is Practo a funded company?
Practo is a funded company, having raised a total of $227.88M across 9 funding rounds to date. The company's 1st funding round was a Series D of $3M, raised on Mar 27, 2013.
How many employees does Practo have?
As of Dec 11, 2024, the latest employee count at Practo is 401.
What is the annual revenue of Practo?
Annual revenue of Practo is $17.76M as on Mar 31, 2024.
What does Practo do?
Practo was founded in 2008 in Bengaluru, India, as a healthtech company. A digital platform is operated to connect patients with verified doctors for appointment scheduling, video consultations, and chat-based teleconsultations. Services include digital prescriptions, lab test bookings, medical record management, and online medicine ordering. Tools for practice management and reputation building are provided to healthcare professionals across the region.
Who are the top competitors of Practo?
Practo's top competitors include MediBuddy, Hinge Health and ekincare.
What products or services does Practo offer?
Practo offers Video Consultation, Appointment Booking, Medicine Ordering, and Diagnostic Tests.
How many acquisitions has Practo made?
Practo has made 4 acquisitions, including Enlightiks, FitHo, and Insta by Practo.
Who are Practo's investors?
Practo has 17 investors. Key investors include Tencent, AIA Group, Peak XV Partners, Recruit Holdings, and RTP Global.
What is Practo's valuation?
The valuation of Practo is $418.04M as of Apr 2022.
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