Internet services company Tencent led a $90m series C round for India-based healthcare appointment booking platform Practo today that valued it at $525m, according to the Economic Times.
Google Capital, the growth equity subsidiary of internet company Google, also participated in the round, as did investment firms Sofina and Altimeter Capital, venture capital firms Sequoia Capital and Matrix Partners, and Yuri Milner, the founder of investment firm DST Global.
Practo provides online appointment management software for physicians and healthcare providers together with an online platform and app that enables patients to book appointments.
The company formed in 2008 but has grown extremely quickly recently, closing a $30m series B round backed by Sequoia Capital and Matrix Partners as recently as February 2015. Sequoia previously invested Rs 250m ($3.9m) in Practo in 2012.
Since February, Practo has expanded from six Indian cities to 35, and it aims to enter 10 countries in the next 12 to 18 months. It also wants to grow its hospital client base in India from 8,000 to 20,000 by the end of 2015.
In addition to regional growth, Practo intends to expand its service to include the entire wellness spectrum, including fitness and preventative appointments. It acquired fitness management platform FitHo in April and enterprise IT services company Genii last month.