Online healthcare portal Practo has raised $32 million (Rs 240 crore) in a new round of funding led by Chinese life insurance conglomerate A1A Company and joined by existing investors Tencent, Sequoia Capital, Sofina Ventures, Matrix Partners, G Capital, and RTP Global, The Ken first reported on Friday.

— VCCircle

Rajaram Legal advised Matrix Partners India and Sequoia Capital India led by a team of partner Priyadarshani Sherchan and senior associate Priya Makhijani.

Cyril Amarchand Mangaldas advised Practo led by partner S Harish and principal associate Preseedha Premnath.

2020-08-15

Deal value: INR 240 crores (USD 23 million)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.