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After Snapdeal and Yepme job cuts, now Practo sacks 150 employees

Practo, which made 5 acquisitions last year, has been looking to cut excess flab

Apurva Venkat  |  Bengaluru 

Healthcare start-up Practo's moves to sack 150 people, or 10 per cent of its workforce, is part of the new reality at Indian start-ups, who have been forced to rationalise costs and increase focus on profitability. Practo joins other firms such as Snapdeal and its unit FreeCharge, both of which are up for sale, as they struggle to compete with established rivals. Practo, backed by Chinese firm Tencent, has made five acquisitions over the last year and has been looking to cut extra flab that came with these companies. Practo started in 2007 as a platform to exchange ...

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First Published: Fri, April 07 2017. 13:40 IST
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