Practo, an Indian healthcare company, raised US $90 million, led by Tencent

Source: Phoenix Technology 2015-08-07 according to the online report of the Wall Street Journal, practo, an Indian healthcare information provider, has completed a new round of financing of US $90 million, led by Tencent This shows that market capital continues to flow to Indian start-ups The company's total financing increased to $124 million, taking into account a new round of financing, practo said Thursday Investors involved in this round of practo financing also include Google capital, Sofina, Jingwei venture capital, Sequoia India, altimeter capital, Sequoia Capital Global Equities under Sequoia Capital and Yuri Milner, a Russian billionaire The deal is one of Tencent's few investments in Indian start-ups Tencent's local rival Alibaba Group has invested in paytm, India's largest mobile payment service, through its financial subsidiary Alibaba is also negotiating to invest in snapdeal.com, an Indian e-commerce site With more mobile users in India abandoning feature phones and switching to smart phones, the country's huge market potential for mobile Internet services has attracted billions of dollars from global venture investors, US and Asian technology giants Practo provides an online search tool for consumers to find healthcare experts, such as dentists and specialists Practo runs a website and provides mobile applications that filter search by location, consulting fees, and other metrics Practo also provides doctors with a medical management tool, practo ray, which allows clinics to digitally manage schedules, medical inventories, medical bills, and other services Practo said it plans to use financing funds to expand into new markets Practo currently operates in India, Singapore and the Philippines and employs about 1500 people worldwide Practo plans to recruit another 1000 employees in the next 12 months and expand into several new countries in Europe, Latin America, the Middle East and Asia The company receives more than 10 million searches a month, practo said.