Tencent-backed Practo sees losses triple to Rs 1.9 billion in FY17

Practo's losses had also increased fivefold during the FY16 reporting period

Tencent-backed doctor and clinic search engine Practo saw its losses triple to Rs 1.91 billion in the financial year 2016-17 as expenses surged largely driven by a huge rise in employee compensation.

According to documents filed with the Registrar of Companies that was sourced through Tofler, the company reported a revenue of Rs 2.1 billion in the same period, a growth of 28 per cent over the Rs 1.6 billion revenue Practo had reported in the financial year 2015-16.

While Practo's growth in losses has kept pace, revenue growth in the year that ended March 2017 has stalled significantly. The company had posted