Draft:Practo
| Submission declined on 31 March 2025 by Flat Out (talk). Dead links not addressed. Please note that press releases and company announcements do not support notability of the subject
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Comment: The sources need to be updated on this draft. The two Economic Times sources, the TechCrunch source, the Pune Mirror source, and The Hindu Business Line source are now dead links. The Business Standard links are linking to completely unrelated pages now. Please fix this, possibly by retrieving these sources from an archive (such as the Internet Archive). Kind regards, Spinster300 (talk) 17:16, 19 March 2025 (UTC).
- Comment: The sources need to be updated on this draft. The two Economic Times sources, the TechCrunch source, the Pune Mirror source, and The Hindu Business Line source are now dead links. The Business Standard links are linking to completely unrelated pages now. Please fix this, possibly by retrieving these sources from an archive (such as the Internet Archive). Kind regards, Spinster300 (talk) 17:16, 19 March 2025 (UTC).
 | |
| Company type | Private |
|---|---|
| Industry | Digital health |
| Founded | 2008 |
| Founder |
|
Area served | Multiple countries |
Key people |
|
| Products | Healthcare software, Online healthcare platform |
| Services |
|
| Website | practo |
Practo is an Indian digital healthcare company based in Bangalore. The company operates an online healthcare platform and develops software for healthcare providers.[1] As of 2022, it reported annual revenue of ₹216 crore (approximately US$26 million).[2]
History
[edit]Practo was founded in 2008 by Shashank ND and Abhinav Lal, graduates of the National Institute of Technology, Karnataka.[3] The company experienced significant growth in its early years, expanding its operations and team size.[4]
Development and Growth
[edit]The company initially focused on developing practice management software for healthcare providers.[5] Through strategic acquisitions and expansion, Practo developed a comprehensive digital healthcare platform:
- 2015: Acquired Insta Health Solutions (hospital information systems)
- 2015: Acquired Qikwell (appointment scheduling)
- 2015: Acquired FitHo (digital wellness)[6]
Funding and Financial Performance
[edit]The company has raised several rounds of funding from international investors. Notable investments include:
- 2017: $55 million Series D round led by Tencent[7]
- Other investors include Sequoia Capital, Google Capital, and Altimeter Capital[3]
Services
[edit]Practo offers services for both healthcare providers and consumers:
Healthcare Provider Solutions
[edit]- Practice management system
- Electronic health records
- Hospital information management
- Clinic management tools
Consumer Services
[edit]- Online doctor appointments
- Telemedicine consultations
- Electronic health records
- Medicine delivery[8]
Market Position
[edit]Practo operates in India's digital healthcare sector, which is projected to reach $21.3 billion by 2025.[9] The company competes with other digital health platforms including 1mg, PharmEasy, and Mfine.[10]
International Operations
[edit]The company has expanded into several Southeast Asian markets.[11]
Challenges and Controversies
[edit]Data Privacy Issues
[edit]In 2019, medical professionals raised concerns about Practo's handling of patient data. While the company stated it follows international privacy standards, critics questioned the adequacy of data protection measures.[12]
Content Moderation
[edit]The platform faced criticism in 2019 for listing treatments for homosexuality as a medical condition. After public backlash, Practo removed the listings and issued an apology.[13]
See also
[edit]References
[edit]- ^ "Indian health-tech industry's evolution boosted by digital adoption". The Economic Times. 8 March 2022. Retrieved 29 December 2024.
- ^ "Practo revenue up 20% to Rs 216 crore in FY22". The Economic Times. 16 December 2022. Retrieved 29 December 2024.
- ^ a b Chakraborty, Sayan (16 May 2017). "Can Practo take the next big leap forward?". Livemint. Retrieved 17 September 2019.
- ^ "Practo: The crown prince of Indian healthcare startups". Business Standard. 23 January 2015. Retrieved 29 December 2024.
- ^ "The State Of India's Healthcare Digital Reset". Forbes India. 15 March 2021. Retrieved 29 December 2024.
- ^ Peerzada Abrar (24 September 2015). "Practo becomes world's largest appointment booking platform, acquires Qikwell". The Hindu. Retrieved 17 September 2019.
- ^ "Healthcare startup Practo raises $55M Series D led by Tencent". TechCrunch. 17 January 2017. Retrieved 29 December 2024.
- ^ "Digital health platforms see surge in teleconsultations". Business Standard. 19 May 2021. Retrieved 29 December 2024.
- ^ "Indian health-tech market to grow to $21.3 bn by 2025: Report". Business Standard. 20 July 2021. Retrieved 29 December 2024.
- ^ "Indian healthtech startups face growing pains amid funding winter". Reuters. 14 June 2023. Retrieved 29 December 2024.
- ^ "Practo expands its digital healthcare platform to Southeast Asian markets". The Hindu Business Line. 15 February 2023. Retrieved 29 December 2024.
- ^ Sathe, Gopal (9 May 2019). "Is Your Medical Data Safe With Apps? Some Doctors Don't Think So". HuffPost India. Retrieved 27 June 2020.
- ^ Kulkarni, Prachee (25 January 2019). "Homosexuality 'cures' on Practo spark LGBTQIA community's ire". Pune Mirror. Retrieved 27 June 2020.
External links
[edit]