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
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Estimated Employees
812
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Co-Founder & CEO

ND Shashank
CEO Approval Rating
75/100
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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.