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 $231.09 million across 13 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
Locked
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Phone
Locked
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Website
Locked
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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
$231.09 M (USD)
in 13 rounds
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Latest Funding Round
$1.68 M (USD), Series D
Apr 26, 2022
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Investors
Tencent
& 31 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.
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
People of Practo
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Funding Insights of Practo
Practo has successfully raised a total of $231.09M across 13 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.
Investors in Practo
Practo has secured backing from 32 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tencent, AIA Group and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investment firm
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Sequoia Capital is engaged in venture capital investments.
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Venture capital firm focused on early-stage technology companies
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Investor details for Practo
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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.
Investment portfolio details for Practo
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Data analytics platform for actionable insights
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Locked | Locked | 2012 | Locked | |
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Online doctor appointment booking platform
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Locked | Locked | 2011 | Locked | |
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Web-based Weight Management Program
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Locked | Locked | 2010 | Locked |
Complete acquisition details for Practo
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Financial Statements - Practo
Detailed financials for Practo
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Practo Comparisons
Peer comparison for Practo
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Virtual physical therapy and digital pain care solutions are provided.
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Online platform offering multiple healthcare services
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Employee health and well-being solutions are delivered through a platform.
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Online platform for employee health benefits
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An online teleconsultation platform for health disorders is provided.
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Detailed competitors of Practo
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Latest news on Practo
Complete news archive for Practo
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- Full article archive
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Practo
Practo was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Practo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shashank Navalurkar Dattatreya is the current CEO of Practo. They have also founded this company.
Practo is a funded company, having raised a total of $231.09M across 13 funding rounds to date.
As of Dec 11, 2024, the latest employee count at Practo is 401.
Annual revenue of Practo is $17.76M as on Mar 31, 2024.
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.
Practo's top competitors include MediBuddy, Hinge Health and ekincare.
Practo offers Video Consultation, Appointment Booking, Medicine Ordering, and Diagnostic Tests.
Practo has made 4 acquisitions, including Enlightiks, FitHo, and Insta by Practo.
Practo has 32 investors. Key investors include Tencent, AIA Group, Peak XV Partners, Recruit Holdings, and RTP Global.
The valuation of Practo is $418.04M as of Apr 2022.