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    Some Facts About Practo

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    Practo is a digital healthcare platform based in Bengaluru, India that offers medical practice management software and online appointment booking services. It has over 1,000 employees and generates $33.7K in revenue per employee. Practo's latest funding round in January 2017 raised $55 million. Its main competitor is Lybrate, led by Saurabh Arora. Practo aims to reach one lakh doctors and 50 million patients in the next three years to support its continued growth.

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    Some Facts About Practo

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    Practo is a digital healthcare platform based in Bengaluru, India that offers medical practice management software and online appointment booking services. It has over 1,000 employees and generates $33.7K in revenue per employee. Practo's latest funding round in January 2017 raised $55 million. Its main competitor is Lybrate, led by Saurabh Arora. Practo aims to reach one lakh doctors and 50 million patients in the next three years to support its continued growth.

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    doctor booking app

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    Practo is a digital healthcare platform based in Bengaluru, India that offers medical practice management software and online appointment booking services. It has over 1,000 employees and generates $33.7K in revenue per employee. Practo's latest funding round in January 2017 raised $55 million. Its main competitor is Lybrate, led by Saurabh Arora. Practo aims to reach one lakh doctors and 50 million patients in the next three years to support its continued growth.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    114 views2 pages

    Some Facts About Practo

    Uploaded by

    info
    Practo is a digital healthcare platform based in Bengaluru, India that offers medical practice management software and online appointment booking services. It has over 1,000 employees and generates $33.7K in revenue per employee. Practo's latest funding round in January 2017 raised $55 million. Its main competitor is Lybrate, led by Saurabh Arora. Practo aims to reach one lakh doctors and 50 million patients in the next three years to support its continued growth.

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    Practo's Competitors, Revenue, Number of Employees, Funding and

    Acquisitions

    Practo's website »
    Practo develops a medical practice management software that offers patient
    appointment scheduling, record management and billing services.

    Practo's headquarters is located in Bengaluru, Karnataka. Practo generates $33.7K


    in revenue per employee Practo's latest funding round was a Series D for $55M on
    Jan 2017. Practo's top competitor is Lybrate, led by Saurabh Arora, who is their Co-
    Founder & CEO. Practo has 7,430 followers on Owler. Read less

    Estimated Annual Revenue


    $27.3M
    Agree?YesNo

    Estimated Employees
    812
    Agree?YesNo

    Co-Founder & CEO


    ND Shashank
    CEO Approval Rating
    75/100
    Weigh In

    1. Consumer facing doctor discovery portal, Practo.com While this is a free


    product for both patients and doctors, Practo.com allows contextual advertisements
    from hospitals and clinics in demarcated sections of the website.This model is in a
    way similar to Google search. Surbhi Goyal 6 1. Healthcare provider/ Doctor facing
    practice management software, Practo Ray, sold as a subscription-based SaaS
    product. Practo Ray is offered at two price points, Rs. 999 and Rs. 1999 per
    month.The premium plan also includes a cloud telephony-based IVR system for
    doctors. Practo has 2 products, with their own revenue models. REVENUE
    MODEL

    2. Last fund of INR 164 crores was infused in September 2015. Practo had
    earlier raised $4 million in July 2012 and is now on course to raise a series B round
    of $20 million from existing investors, Sequoia Capital. Surbhi Goyal 7 Rest of the
    amount – INR 286.4 crores – has been routed through their holding company Practo
    Pte. Out of this, about INR 11 crores came from Sequoia Capital during March
    2011 to October 2012. The company has raised a total funding of INR 298 crores
    so far. FUND RAISING

    3. Practo aims to reach one lakh doctors and 50 million patients in the next three
    years.The fast adoption by thousands of doctors is what has led Sequoia to invest in
    Practo. “Doctors and patients can now access their appointments and health records
    online or through their mobile device,” said Shailendra Singh, managing director,
    Sequoia Capital. Surbhi Goyal 13 FUTURE ESTIMATED

    Digital healthcare platform Practo Technologies Pvt. Ltd reported a 29% rise in
    revenue for the financial year ended March 2017 but loss widened nearly three-fold
    as expenses surged, according to filings with the Registrar of Companies.
    The Bangalore-based startup, which started as a doctor-finder, garnered net sales of
    Rs 202.3 crore in 2016-17 compared with Rs 156.6 crore the previous year. Net loss
    expanded to Rs 191.4 crore from Rs 64.6 crore, the filings show.
    Total expenditure climbed 75% to Rs 402.7 crore, led by a two-fold rise in employee
    expenses to Rs 286 crore from Rs 138 crore.
    Text messages and phone calls to Practo founder Shashank ND seeking comment
    went unanswered till the time of filing this article.
    Founded in 2008, Practo has around 1,500-2,000 employees. It runs a doctor
    appointment site and offers an ad platform to clinics, hospitals and diagnostic
    centres. The company has a presence in the Philippines, Singapore, Indonesia,
    Malaysia and Brazil, apart from India. It claims to do more than 45 million
    appointments annually and says it has more than 1 lakh doctors on board.
    For Practo, 2017 was a busy year. In January last year, Practo raised $55 million in
    its Series D round of funding led by existing Chinese investor Tencent.
    The round saw participation from three new investors—Russian venture capital firm
    ru-Net, Japanese firm Recruit Holdings’ investment arm RSI Fund and US-based
    Thrive Capital. Existing investors Sequoia Capital, Matrix Partners, Capital G
    (Google Capital), Altimeter Capital and Sofina also participated in that round.

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