Practo

The company, which achieved profitability in the March 2024 quarter, was valued at $418 million as of April 2022, according to data from market intelligence platform Tracxn

The health-tech platform begins operations in key UAE cities, aiming to serve the Indian diaspora and ensure seamless care across India and the Gulf

Health-tech platform Practo has reported a 22 per cent growth in revenue to Rs 240 crore for the 2023-24 financial year as it achieved a gross merchandise value of Rs 3,500 crore in the year, according to a company statement. The digital healthcare platform, which connects patients and doctors, narrowed its losses to Rs 17 crore in 2023-24 from Rs 99 crore in the previous financial year, the statement said. Practo stated that also achieved its first full profitable quarter in the last quarter of 2023-24 and is on its path to sustained profitability with consecutive profit in the preceding 12 months ending September 2024. Practo cofounder and CEO Shashank ND said, "Our goal has always been on improving healthcare outcomes while building a sustainable business. Our sharp focus on the core business has driven exceptional results. The company delivered a gross merchandise value (GMV) of Rs 3,500 crore in the year ended on March 31, 2024. GMV is the total value of goods and services sol

Practo reported a 68 per cent compound annual growth rate (CAGR) from FY22 to FY24. The company's Ebitda margins rose to 40 per cent from near zero in FY22

Practo's co-founder and chief executive officer Shashank ND said that they have been focusing on profitability and so far in FY24, they have been cash flow positive

The healthcare technology and services firm expects to grow at 100% y-o-y delivering about Rs 400 cr in revenue in FY24 and achieving positive cash flow and a full profitable year

The company said in a statement that upholding a high bar for performance and productivity is crucial to maintaining this level of growth

Executive has been associated with Practo since its inception and has been a driving force behind the technology, growth and business strategy.

The report 'Understanding Covid-19: Comparing all three waves in India' analyses how Indians accessed healthcare during the three covid waves.

Over half the consultations are for GPs and pulmonologists with concerns like fever, sore throat, headache, body pain, stuffy nose, Omicron spread, Covid-19 vaccine booster doses, and vaccines for kid

Adoption of digital healthcare will increase in next 4-5 years in India's $150 billion healthcare market and Practo will play a leading role in the transition

Tata AIA Life Insurance on Wednesday said it has tied up with integrated healthcare company Practo for online medical consultation for its customers

Practo plans to facilitate Rs 1,000 crore healthcare financing, including tier-1 to tier-3 cities over the next three years

Practo announces 'Corporate Suraksha' programme under which employees from over 1,000 corporates across India will be vaccinated in first round

Currently, there are 48 Indian start-ups valued at $1 billion or more, and Paytm is the most valuable start-up at $16 billion, according to the Venture Intelligence data

The vibrant startup ecosystem is working to boost the investment environment in India both from domestic and global investors, according to consulting firm Praxis Global Alliance

Most of the health plan users are from metro cities like Delhi, Bengaluru, and Mumbai

The last three years saw us fine-tune our business model and get closer to our vision of building quality health care for a billion Indians, said CEO N D

As telemedicine became the preferred medium for consultations, the firm saw over 70 per cent first time-users and 44 per cent users coming from non-metro cities

50 million Indians used telemedicine, 62 per cent of psychiatry consultation was sought by youngsters in the age group of 21-30 years