Practo Looking To Raise Rs 60 Cr In Debt From Trifecta

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Bengaluru-based telemedicine and digital well being start-up Practo is looking to raise INR 60 crores in the debt financing from Trifecta Venture Debt Fund – II. The funding will be provided in 6 tranches. 

As per the MCA filings, Practo has already received the first tranche amounting to INR 15 crore. If reports are to be believed, in August 2020, the company raised $32 million, in a funding round led by A1A Company. 

This development comes when the firm in the no so distant past presented its ‘Corporate Suraksha’, an organization inoculation program for enterprises all through India. As a component of this drive, corporates can be prepared to enroll their staff and their individuals from the family for COVID-19 immunization. 

India has recorded a 300% increase in the number of people using technology for online consultations, as per a report titled “Reinventing Healthcare Delivery With Telemedicine”. Amid the meteoric rise in demand for tele-consultations, the company has also launched their services in 15 Indian languages. This gives an option to the patient to choose doctors who can speak their language.



Categories: Startups, Venture Debt

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