Sequoia Capital-backed Practo expands into diagnostic labs search
Practo Technologies Pvt Ltd, a web-based clinic management software developer, will now allow users to find diagnostic labs in the vicinity.
The new feature allows users to check the quality of the labs by reading through the accreditation information and by viewing actual photographs of the centre, as per a press statement.
The new offering also lends itself to filter results on the basis of the type of test, proximity, price and home pickup facility, as per a press statement.
"This is the first of our upcoming launches to cover curative, fitness and well segments as we march towards achieving Practo's promise of being 'Your Health App'. Diagnostic search will provide tremendous convenience and a much simplified way of finding the right center to get your tests done," said Shashank ND, founder & CEO, Practo.
The company will launch the new service in eight cities, namely Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Pune, Nashik and Trivandrum. Over the next three months, the service will cover 35 cities in India. The company also has plans to take this service to overseas markets. It has tied up with 4,000 labs including known names such as Thyrocare, Suburban Diagnostics, SRL Labs and Metropolis among others.
Caesar Sengupta, general manager-operations, Thyrocare said, "Today, preventive care and diagnostic service play a very crucial role in leading a healthy lifestyle. Clubbed with Practo's digital reach and our services, we look forward to providing consumers will hassle free diagnostic services."
Bangalore-based MediFee.com offers a similar service but with a different approach. It focuses mostly on pathology labs and diagnostic centers in various parts of India, listing out verified clinics and making their pricing information public. It provides information on more than 50 cities across India.
Founded in 2008 by two graduates from National Institute of Technology Surathkal - Shashank and Abhinav Lal, Practo was part of The Morpheus accelerator and had received a seed funding from Sequoia in 2011. Practo competes with the likes of Lybrate, HelpingDoc, Praxify, AllizHealth and others.
Practo offers services like helping patients find relevant doctors online, compare them and schedule appointments. It also sells PractoRay under software-as-a-service (SaaS) model for primary clinics, which enables doctors to schedule, manage patient records, billing etc.
It raised around $4.6 million from Sequoia Capital in Series A round of funding three years back. Most recently, it raised $30 million (Rs 187 crore) from Sequoia and Matrix Partners. In April this year, Practo acquired NCR-based FithoWellness, a web and app-based fitness management platform for an undisclosed amount.
Recently, Practo was reported to be in advanced talks with Google Capital and Russian billionaire Yuri Milner for a funding round estimated at Rs 400 crore.