Funding · Healthcare & Life Sciences
Practo raises ₹60 crore in debt funding from Trifecta Capital
By Startup Enthusiast ·
- Date
- Company
- Practo
- What it does
- Healthcare platform connecting patients and doctors
- Kind
- Funding
- Amount
- ₹60 crore
- Stage
- Series D
- Based in
- Bengaluru
- Founded
- 2008
What they do
Practo runs a platform that lets patients book appointments, consult doctors online, and store health records
What happened
The company raised ₹60 crore in debt (loan) funding from Trifecta Capital, its first debt round
Why it matters
The funds will be used to expand its telemedicine and diagnostic services and strengthen its technology; practo has raised over $200 million in equity so…
The details
- Practo has raised ₹60 crore in debt funding from Trifecta Capital.
- This is Practo's first debt round; it has previously raised equity from investors like Tencent and Sequoia.
- The debt will be used to expand telemedicine and diagnostic services and upgrade technology.
- Practo plans to grow its network of partner clinics and labs across India.
- The company also aims to improve its AI-powered health assistant for patients.
- Practo's revenue has grown 30% year-on-year and it claims to be operationally profitable.
The bigger picture
- The debt round signals investor confidence in Practo's path to profitability.
- Practo competes with PharmEasy, 1mg, and MFine in the crowded healthtech space.
- The company has pivoted from a marketplace to a full-stack healthcare provider over the years.
- Debt funding is cheaper than equity and does not dilute founder stakes.
About the business
- Practo connects patients with doctors, clinics, and diagnostic labs through its platform.
- It offers online doctor consultations, medicine delivery, and health record storage.
- The company makes money through commission on appointments, subscription fees from clinics, and diagnostic test sales.
- Practo operates in India, Singapore, Indonesia, and the Philippines.
- It has over 100,000 doctors and 10,000 clinics listed on its platform.
- Practo claims to have served over 50 million patients since its launch.
What happens next
- Practo will use the funds to expand telemedicine and diagnostic services.
- It will upgrade its AI-powered health assistant for better patient triage.
- The company plans to onboard more partner clinics and labs in tier-2 and tier-3 cities.
- Practo aims to achieve full profitability within the next two years.
The deal
- Type
- debt
Investors
- Trifecta Capital (lead) — Trifecta Capital is a venture debt firm that provides debt financing to growth-stage startups in India.
Founders
- Shashank ND, Co-founder & CEO
- Siddhartha Nihalani, Co-founder
- Abhinav Lal, Co-founder
Other articles talking about it
More on Practo
- Practo reshuffles top leadership to drive global expansion17 September 2026 · People
- Practo in talks to acquire HealthPlix6 August 2026 · Acquisition · $25M-$30M
- Practo appoints ex-Salesforce VP Srijesh Kumar as CPTO14 April 2026 · People
- Practo appoints CK Mishra as independent director11 March 2026 · People
- Practo offers video consultations and medicine delivery24 February 2026 · Analysis
- Practo launches in US with $75M GMV run rate and 1 million users7 January 2026 · Launch
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