Telemedicine & Mobile health startup Practo raising Rs 60Cr in debt from Trifecta

● What is the news ?

▪︎Bengaluru-based telemedicine and mobile health startup Practo is looking to raise about Rs 60 crore in debt funding from Trifecta Venture Debt Fund - II in six tranches.

▪︎According to MCA filings, telemedicine and mobile health startup Practo has already received the first tranche amounting to Rs 15 crore.

▪︎The filings revealed that Practo is looking to issue 600 unlisted, secured, redeemable, non-convertible debentures.

▪︎This development comes at a time when the company recently announced its ‘Corporate Suraksha’, a corporate vaccination programme for companies across India. As a part of this initiative, corporates will be able to enlist their employees and their family members for COVID-19 vaccination.

● Other Information

▪︎Practo is the world's leading healthcare platform .Practo provides a singular platform that helps consumers with all their healthcare requirements – from finding the healthcare provider to booking an appointment, online doctor consultation, getting their tests done and even ordering medicines

▪︎The company also recently launched online consultations in 15 Indian languages in order to break the barrier between patients and doctors. Now, patients can choose doctors who can speak

▪︎Over 500 corporates have expressed interest in joining the programme in the first phase. Practo will be setting up camps and working with its strong network of hospitals, vaccinators, and supply chain companies among others in the healthcare ecosystem, to initiate the drive.

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