With its recent fast-paced growth and heavy funding, online healthcare platform Practo is eyeing major expansion into key international regions such as Southeast Asia, Latin America, the Middle East and eastern Europe. It is also planning to reach 65 new Indian locations by end of 2016.
Backed by prominent investors like Google Capital, Sequoia Capital, Tencent Holdings, Yuri Milner of DST Global and having raised $124 million in funding so far, Practo is one of the few Indian startups to truly make a mark on the global scale.
In addition to 35 cities in India, it already has a strong presence in SouthEast Asian countries like Singapore, Phillippines, Indonesia. Recently it launched its operations in the biggest Latin American economy, Brazil.
Talking about further expansion plans, Practo Founder & CEO Shashank N D said,
We will expand further into our existing international markets by covering more cities as well as bringing more products to Singapore, Indonesia and Philippines.We plan to expand our footprint from 35 to 100 cities in India, while internationally expanding further across South East Asia, Latin America, Middle East and Eastern Europe.
At present, Practo is present in more than 50 cities and 15 countries all around the world. It claims to have 60 million users, 8,000 diagnostic centres, 200,000 doctors, 4,000 wellness and fitness centres and 10,000 hospitals on its platform which has enabled more than 40 million appointments.
It connects people to a range of healthcare professionals and clinics through its platform. A major part of its revenues comes from various software products and solutions for clinics and medical professionals as well as enterprises.
These include subscription-based online practice management software for doctors called Practo Ray; a cloud telephony solution called Practo Hello, and a sponsored listing service for hospitals and clinics, Practo Reach.
In order to serve enterprises in a better way, the company also acquired appointment booking platform Qikwell and hospital management platform Instahealth for $12 million. Talking about the same, Shashank said,
While our marketplace and clinic software will continue their rapid growth, we will also see considerable growth coming on top with our recent acquisitions of Qikwell and Insta to help us serve the enterprise segments as well.
Of lately, Practo has also begun to offer services to take care of all your healthcare needs rather than just helping you discover doctors online. This includes online ordering of medicines, free medical advice by experts, or providing high-quality fitness information through various online channels.
For these purposes, it recently launched a number of services like Practo Order for medicine delivery services (currently only available in Bangalore), Practo Consult for free advice from verified doctors, and Practo Health feed for high-quality health and fitness information.
The company has also tied up with Twitter to create a new social handle called AskPracto, which is an extension of Practo Consult, and allows users to get instant replies on Twitter from verified doctors listed on its website and mobile apps.