<div><em>Funds to help Practo accelerate its march towards becoming a leading global digital healthcare platform</em></div><div> </div><div>Asia’s leading healthcare platform, Practo, on Thursday (6 August) announced that it has closed $90 million in Series C funding. This round was led by Tencent, with participation from marquee institutional investors including Sofina, Sequoia India, Google Capital, Altimeter Capital, Matrix Partners, Sequoia Capital Global Equities and Yuri Milner.</div><div> </div><div>This comes a few months after closing a $30 million Series B round from Sequoia India and Matrix Partners, bringing Practo’s total funds raised to $125 million - one of the largest in the world of Digital Health.</div><div> </div><div>Over the past six months, Practo has grown over 6 times to become one of the fastest growing healthcare platforms in the world with nearly 200,000 healthcare practitioners on it and over 10 million monthly searches by consumers looking to make the right healthcare choices.</div><div> </div><div>Over the next three to six months Practo will expand product lines and continue to look for potential acquisition of companies to encompass key healthcare segments and provide a seamless experience across medicine, wellness and fitness, globally.</div><div> </div><div>Practo will continue to add top notch talent to its world class team of 1,500 Practeons to continue to build the best products that will transform healthcare for consumers around the world.</div><div> </div><div>The footprint will expand from the current 35 Indian cities and three countries to over 100 Indian cities and 10 countries across South east Asia, Latin America, Middle East and Eastern Europe.</div><div> </div><div>“We are hard at work building a single health app that helps people live healthier by making better healthcare decisions for themselves and their loved ones. We are excited to partner with some of the best investors on the planet. Our global partners will give us the edge to continue building global healthcare products that our users love. Millions of users trust our platform every month and with our international expansion we aim to take Practo to billions of people globally” – Shashank ND, Founder & CEO, Practo.</div><div> </div><div>“We are very excited to partner with Practo as one of our first few investments in India. We look for ambitious, visionary Internet companies that are improving people’s lives at a global scale. Practo is a digital healthcare leader and one of the fastest growing healthcare companies in India. We look forward to working with the Practo team as the company transforms healthcare in India and international markets,” said Hongwei Chen, Senior Director of Investment and M&A at Tencent.</div><div> </div><div>"Sofina is proud to join Practo on its journey to transform the way stakeholders interact in the healthcare space, consistent with our strategy to be a long-term partner of world-class entrepreneurs and investors in growth markets." - Maxence Tombeur, Head of Asia at Sofina.</div>
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