Bengaluru-based telemedicine startup Practo has entered the secondary healthcare segment with the launch of Practo Care Surgeries.
The healthtech startup has unveiled over 50 Practo Care Surgery Experience Centers in Bengaluru, Mumbai, Pune, Delhi-NCR, Hyderabad and Ahmedabad.
Over the past three months, Practo Care Surgeries has facilitated consultations with over 5,000 patients for secondary surgeries and has onboarded over 200 surgeons in its partner network, said a statement from the company.
The company plans to expand its network to over 30 cities with more than 300 centres, add more specialties including orthopedic, gynecology, ophthalmology and onboard hundreds of surgeons by the end of next year.
The company also plans to facilitate INR 1,000 Cr worth of healthcare financing in India over the next 3 years.
The secondary healthcare sector is estimated to be $10 Bn – $12 Bn in size, indicating the need for increased efforts to strengthen and improve access to quality surgical care and delivery.
Founded in 2008 by Abhinav Lal and Shashank ND, Practo is a mobile-first health platform that connects patients with healthcare providers through booking appointments, checkups and consultations.
Patients can also use the platform for booking diagnostic tests, obtaining medicines and storing health records. The company also develops software products that help healthcare providers ranging from clinics to hospitals to digitise and deliver more efficient and higher quality healthcare to millions of patients around the world every day.
So far, Practo has raised $228.2 Mn in seven funding rounds, with a $32 Mn Series D round in August last year, led by Hong Kong-based AIA Group. Prior to that Practo raised its Series A funding in 2012 and completed a $55 Mn Series D funding round in 2017.
In 2015, Practo secured $90 Mn Series C funding led by Tencent, with participation from Sofina, Sequoia Capital, Google Capital, Altimeter Capital, Matrix Partners, and Yuri Milner.
The company had also raised venture debt in September 2019, to the tune of INR 120 Cr ($17.2 Mn) from Trifecta Capital and other investors.
Healthtech is among the sunrise sectors in the country. According to Inc42 Plus, India’s healthtech market is estimated to reach $21 Bn in 2025 on the back of telemedicine and preventive healthcare growth.