Other investors in this round are Japan’s RSI Fund and Thrive Capital
Search Results for: Practo
Healthcare services platform Practo Technologies Pvt. Ltd has acquired Enlightiks Business Solutions Pvt. Ltd, a healthcare analytics solutions firm, in a cash and stock deal. Established in 2012, with offices in Bengaluru and Charlotte in the US, Enlightiks owns a predictive clinical and computational platform called Querent and uses big… Read more »
Healthcare start-up Practo Technologies Pvt. Ltd recorded a five-fold increase in revenue in the fiscal year ended 31 March, while its loss widened almost five times, documents filed with the Registrar of Companies show. Practo clocked revenue of Rs165.14 crore for the year ended 31 March, 2016, as against Rs29.73… Read more »
After the deluge of unicorns in India last year, there’s a definite lull.
Azim Premji is among those shortlisted to acquire KIMS Hospitals, while UAE’s VPS Health has acquired majority stakes in Rockland and Lakeshore hospitals. And, while Practo is in talks to raise $30-40 million, SpectraVR has raised seed funding. Azim Premji among those shortlisted to acquire KIMS Hospitals in $220m deal… Read more »
“We are strong believers in acquisitions. It has given us a fast way to scale and the ability to further accelerate our roadmap. Today, we are on the lookout to acquire or invest in more futuristic technologies such as AI, machine learning, genome technology and others,” Practo Founder and Chief Executive Officer Shashank ND said.
Dugar, who was earlier chief financial officer at Inmobi, will be in charge of Practo’s financial, legal and regulatory operation.
The company has so far raised about $124 million from investors such as Tencent, Sequoia Capital, Matrix Partners, Google Capital and Yuri Milner, the Russian billionaire and founder of DST Global among others.
This makes Practo – that has raised $128 million from Tencent, Sequoia Capital, Matrix Partners, Google Capital and Yuri Milner, founder of DST Global among others – one of the few homegrown consumer Internet startups to capitalize on some of the high-growth, but largely untapped global markets.
Practo Technologies Pvt. Ltd, one of India’s most funded online healthcare start-ups, has decided to look beyond doctors and diagnostic labs and expand to spas and fitness centres. The categories have been live on Practo’s website since early December, confirmed a company spokesperson. Practo’s planned expansion into these segments comes… Read more »