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This funding round is important for Practo to become a $600 million value startup

BI India BureauJul 6, 2016, 13:09 IST

If Practo, Indian healthcare startup, raises around $50-60 million in its funding round, it could become a $600 million value product.

ET reported New York-based investment firm Thrive Capital, Russia's ru-NHoldings and existing investor Chinese online giant Tencent are in advanced negotiations with Practo.

"The round currently being negotiated is in the range of $50-60 million but this may change," ET quoted sources as saying.

Reportedly, Thrive Capital’s investment could be a first from India. Its US investments include Instagram, Twitch and Slack.

ru-Net has backed companies such as FreeCharge and PepperTap.