Practo - Serving All With The Best Doctors

Purbalee Dutta Purbalee Dutta
Sep 19, 2020 6 min read
Practo - Serving All With The Best Doctors

People all around are always worried about their various health problems taking place. They always need expert advice to find a solution to their problems occurring. It may not be big problems but people are also concerned with their skin, hair, nails etc. They think that whatever advice they are receiving those ain't good enough for them and as a result, they want more.

Practo is a centre for doctor appointments. It answers your questions 24Γ—7 and solves various health-related issues quickly. It also provides the contact numbers of the concerned centres. Read the Practo success story below to know more.

Company Highlights

Startup Name Practo
Headquarters Bangalore, Karnataka, India
Founders Shashank ND and Abhinav Lal
Founded 2008
Sector Healthtech
Parent Organization Practo Technologies Pvt. Ltd.

Practo - About And History
Practo - Founders And Team
Practo - Startup Story
Practo - Business Model
Practo - Revenue Model
Practo - Tagline, Slogan And Logo
Practo - Funding And Investors
Practo - Growth
Practo - Competitors
Practo - Future Roadmap

Practo - About And History

Practo is a trusted and familiar home for its users to provide them with a healing touch. In the beginning it was known as Turbodoc. It was a cost-efficient cloud based healthcare software as a service platform to deliver healthcare information services with high clinical value and usability.

By 2009 it closed its 1st sale to a doctor. In late 2010 they rebranded the company as Practo. It is a patient-focused, unbiased and independent medical website with more than 100,000 doctor profiles from across India and Singapore. With the help of this app, patients can book confirmed appointments with respective doctors listed especially on Practo's website. This is a free service for both the doctors and patients. It assures it's users to find paths to live healthier.

Best Online Doctor Consultation Apps in India | 2020
In COVID-19 pandemic, [/tag/covid-19/] the doctors are playing essential role in coping with current situation. Due to coronavirus, consulting doctors is not as easy as earlier. But luckily Healthcare startups [/tag/healthcare-startup/] are reducing the gap between the doctor, patients and hospital.…

Practo - Founders And Team

Shashank ND and Abhinav Lal are the founders of Practo.

  • Shashank ND is the founder and the CEO of the company. His CB Rank as a person is 1633. Till date, he has only found one organization. He pursued his B.TECH degree from the National Institute of Technology. He is responsible for the direction and overall vision of the company. He is also maintaining an active role in building Practo's products.
  • Abhinav Lal is the cofounder and CTO of the company. He also pursued his B. TECH from National Institute of Technology. He knows only two languages which are Hindi and English.
Abhinav Lal (left) and Shashank ND (right)

Practo - Startup Story

While all the others were taking up jobs through placements, Shashank ND and Abhinav Lal thought of beginning an entrepreneurial journey. Of course, this was a very risky decision but they found their option better than getting a job from their placements. They dreamt of one thing which was a success and they knew that if they followed a proper path it would lead them to higher rewards that they didn't achieve before. And thus they both started the story of one of the biggest healthcare startups in the country.

Buy Supplies Online With Top Medical Equipment Store In India
Medical equipment is used for treatment, diagnosing, and monitoring patients and with the advancement of medical science, better equipment is available to help patients recover from their ailments fast. Medical devices play an important role in helping health care providers diagnose and treat patien…

Practo - Business Model

The app allows its users to search for doctors, diagnostic labs, book appointments, consult with doctors online and order medicines. It's a cloud-based, subscription-based practise management software for clinics and doctors. It claims to have 90% of the market share of India. Basically, healthcare service providers are using information systems which incur high maintenance costs. But Practo is cost-efficient to deliver healthcare information services with high clinical value and usability. It has got a doctor discovery and appointment booking platform which gives the company a shot in the arm for its valuation. It doesn't take money for searches and appointment bookings.

Startup Ideas for Medical Practitioners- A Million Dollar Idea During Pandemic
β€œThe concept of entrepreneurship and startups is only for those dealing with technology.” The above statement were good to be true if these were earlier times, when startups just getting into the market. Now it all depends on how creative and ingenious an individual is. Every domain every field ha…

Practo - Revenue Model

The revenue model of the company centres around the medical providers (clinics) and Practo makes most of it's money through the SaaS subscription software. As mentioned above few things like the booking of appointments, listings, searching the doctors are for free and they don't charge any kind of commission in this field. It's helping billions to lead healthier lives.

The platform created enables doctors to save some valuable time. They are growing their business meaningfully and having more patients day by day. Practo has got a feet-on-ground sales strategy. It is expensive but effective in the same time. Independent doctors and small clinics are the main targeted products of this company. The company also reduces some transaction costs for its consumers to enjoy network effects on this platform.

The tagline of the company is 'Your Home for Health'. It's designed to serve its consumers with the best. It's target is to promote simplicity to its customers.

The logo is designed to be perfectly symmetric and it leverages the unique connections that exist between the letters of Practo. The dark and sky blue colour is used to convey a sense of solidarity and calmness which is very important in the healthcare sector. Two sky blue dots are used in the beginning and even in the ending of the word Practo.

Practo Logo

Practo - Funding And Investors

Practo has raised a total amount $228.2 Million over 7 funding rounds.

Date Transaction Name Money Raised Lead Investors
August 15, 2020 Series D $32 Million AIA Group
June 21, 2019 Debt Financing Rs 1.2 Billion Trifecta Capital Advisors
January 1, 2019 Venture Round - InnoVen Capital
January 16, 2017 Series D $55 Million Tencent Holdings
August 6, 2015 Series C $90 Million Tencent Holdings
February 12, 2015 Series B $30 Million Sequoia Capital India
July 30, 2012 Series A $4 Million -

Practo is funded by 14 investors. Sofina and CapitalG are the recent investors.

Practo - Growth

The company has got 10,000+ doctors and 30k monthly booked appointments presently in their system. They have got over 10 million electronic patient records which are doubling every passing year. They have got around 7.5 million unique patients and over 7 million appointments take place every year. In terms of revenue, this company has been growing at 50 to 100% QoQ.

Practo - Competitors

The top competitors of this company are Portea, Goqii and Lybrate. Let's look below at the comparisons drawn about.

  • Lybrate is quicker in answering questions and offers both free and paid online consultations.
  • Portea works with the most leading hospitals, diagnostic centres, experienced doctors and nurses.
  • Goqii is almost similar to Practo. They are using data analytics, wireless interfaces and cloud-based communication.

Practo - Future Roadmap

The company is aiming towards becoming the one and only one-stop destination for the patients to find the best doctors and to book appointments. Moving towards this aim would lead them to have many patients. They have announced to launch a monthly health care plan under the umbrella of Practo Plus. This would be a subscription-based healthcare plan that would provide unlimited online consultations with doctors from over twenty specialities.

Great! Next, complete checkout for full access to StartupTalky.
Welcome back! You've successfully signed in.
You've successfully subscribed to StartupTalky.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.