Online healthcare platform Practo raises Rs 360 cr in Series D funding

A part of the new funds will be used to expand the company's services in South East Asia

Healthcare technology startup Practo has raised about Rs 360 crore ($55 million) in Series D round led by existing investors Tencent. The round also saw three new foreign investors including ru-Net based in Russia, Japanese based RSI Fund and New York-headquartered Thrive Capital joining in.

With this, the Bengaluru-based company has raised about $179 million in total. Practo, which had recently launched its first health insurance product, will utilise the funds to expand its offerings further in the health insurance segment, said Shashank ND, chief executive officer and co-founder, Practo. "This round will help us continue our geographic expansion. 2017 will