India-based healthcare appointment booking platform Practo raised $55m in series D capital on Tuesday from a consortium led by internet company Tencent.
Capital G, the growth equity arm of conglomerate Alphabet, and RSI Fund, an investment vehicle of human resources firm Recruit Holdings, also participated, as did investment firms Ru-Net, Altimeter and Sofina, and venture capital firms Sequoia Capital, Matrix Partners and Thrive Capital.
Established in 2008, Practo has developed an online software for doctors and healthcare providers such as hospitals to conduct online consultations and manage appointments and health records.
The company also offers an online platform and app that patients can use to book appointments and order prescriptions.
Tencent previously led a $90m series C round in August 2015 that featured CapitalG (then known as Google Capital), Sofina, Altimeter, Sequoia, Matrix and angel investor Yuri Milner.
Sequoia Capital and Matrix Partners had earlier backed Practo’s $30m series B round in February 2015, after Sequoia had supplied $3.9m in 2012.