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After UAE debut, Practo launches in US with $75 Mn GMV run-rate

EntrackrEntrackr · 2d ago
After UAE debut, Practo launches in US with $75 Mn GMV run-rate
Medial

After UAE debut, Practo launches in US with $75 Mn GMV run-rate IPO-bound digital healthcare platform Practo has today announced the launch of its care navigation platform in the US market after a strong debut in the UAE earlier this year. According to the company, Practo has listed over 200,000 doctors across specialties in the US and crossed an annualised GMV run rate of $75 million, supported by more than 1 million users on the platform. As per the company, traffic in the US has grown nearly six-fold since launch, with monthly active users crossing 300,000. Early adoption has been strongest in dental and mental health, with over 500 doctors across more than 150 clinics, hospitals, and independent practices monetised through paid subscriptions, the press release added. The US entry comes at a time when Practo has significantly strengthened its financial footing. As reported earlier by Entrackr, the company turned operating EBITDA-positive for the first time in FY25 with an operating profit of Rs 15 crore, compared to a loss of Rs 17 crore in FY24. Its revenue from operations stood at Rs 234 crore, while GMV remained steady at Rs 3,500 crore, alongside positive cash flows. Shashank ND, co-founder and CEO of Practo, said the “US launch reflects the platform’s ability to solve for trust, depth, and care navigation even in complex healthcare systems.” He added that Practo is building outcomes-led healthcare infrastructure powered by rich data, with the broader goal of improving health outcomes through more informed and accountable care decisions. Following its US launch, Practo is expanding its on-ground team and is also evaluating strategic acquisitions to deepen provider networks and broaden specialty coverage. With India, the UAE, and now the US in focus, the company aims to scale its international revenues while sustaining profitability, further strengthening its IPO narrative.

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Exclusive: Practo eyes global markets after 6 profitable quarters; pilots underway in US

EntrackrEntrackr · 5m ago
Exclusive: Practo eyes global markets after 6 profitable quarters; pilots underway in US
Medial

Exclusive: Practo eyes global markets after 6 profitable quarters; pilots underway in US IPO-bound digital health platform Practo has posted its first-ever full-year operating EBITDA in FY25. Entrackr has exclusively learned that the company has also kicked off a pilot in the US, with 50–60 paying customers already signed up. The Bengaluru-based company reported an operating EBITDA of Rs 15 crore in FY25, compared to an EBITDA loss of Rs 17 crore in FY24, according to its latest annual letter accessed by Entrackr. During FY25, Practo’s revenue from operations stood at Rs 234 crore, while its gross merchandise value (GMV) remained steady at Rs 3,500 crore. It also achieved positive cash flows, signaling strong capital discipline. Practo showed steady recovery and cost control in FY24, while FY25 demonstrated its ability to scale sustainably. The company claims to have served over 50 million patients across more than 640 cities, supported by a network of 5 lakh doctors. This tech-led efficiency is rooted in Practo’s core ‘Care Navigation’ business, where gross margins grew at a 30% CAGR over the past three years. Its overall contribution margin rose from 40% in FY24 to 46% in FY25, reflecting a sharper focus on high-margin services and improved operational efficiency. As a result, the company turned around from a Rs 162 crore loss in FY22 to a Rs 15 crore profit in FY25, marking a 109% improvement over three years, according to the figures mentioned in the letter. A key focus area driving this momentum is the company’s investment in AI across its product stack. Practo is using artificial intelligence to improve health outcomes, helping patients navigate care more efficiently and enabling smarter workflows and insights for doctors. The firm said it leverages 40 million structured data points to power these AI-led insights. Reinforcing its focus on quality, Practo became the first Indian digital health firm to publish Patient-Reported Outcome Metrics (PROMs). These metrics showed that 78% of telemedicine users and 80% of physical consultation patients reported recovery within three weeks. These figures, based on self-reported outcomes, include patients who did not follow prescribed treatment plans. Building on this outcomes-driven model, Practo deepened its global presence by launching its consumer-facing platform in the UAE in May 2025. Within weeks, the platform onboarded 50,000 monthly active users and hit a Rs 100 crore GMV annual run rate, as per the letter. The company claims that it is on track to reach 10% annual user penetration in Dubai, signaling strong demand for integrated healthcare discovery tools backed by insurance data and cross-border access between Indian and UAE patients and providers. As part of its broader global expansion strategy, Practo aims to double its international revenue over the next few years, while sustaining profitability and scaling its overall impact.

Practo delivers 3,500 Cr GMV in FY24; narrows EBITDA losses by 82%

EntrackrEntrackr · 12m ago
Practo delivers 3,500 Cr GMV in FY24; narrows EBITDA losses by 82%
Medial

Practo surpassed a GMV (gross merchandise value) of over Rs 3,500 crore in the fiscal year ending March 2024. The company also recorded a 22% year-on-year increase in operating revenue, while operating EBITDA losses reduced by 82% during FY24. Practo’s revenue from operations increased to Rs 240 crore in FY24, reflecting a 22% increase when compared to FY23, the company’s press release shows. Practo helps patients find and connect with the right healthcare providers. It is a platform to find quality & verified healthcare services enabling patients to make informed decisions through an array of processes such as audits of facilities, verification of doctors credentials, merit-based scoring system for providers, patient reviews etc. It also provides software for hospitals and clinics to improve the efficiency of facilities. According to the blog post on the company’s website, it has served over 54 million patients across 642 cities and has done more than 600 healthcare establishment (hospital) audits during the previous fiscal. Practo’s focused approach to its core India business resulted in a 68% CAGR (compound annual growth rate) between FY22 and FY24, while its contribution margin improved significantly, rising from -1% in FY22 to 40% in FY24, according to the press release. “Our goal has always been to improve healthcare outcomes while building a sustainable business. Our sharp focus on the core business has driven exceptional results. Practo is excited to continue this momentum, with ambitious plans for growth with profitability in the coming year”, Shashank ND, Co-founder and CEO, of Practo, added. The growth and controlled expenditure helped Practo to reduce its EBIDTA losses by 82% to Rs 17 crore in FY24 from Rs 99.4 crore in FY23. As per the company, the last quarter (Q4) of FY24 was profitable and claimed profitability over the preceding 12 months ending September 2024. Practo is also exploring global expansion to extend its healthcare services beyond India. Practo has raised a total of $179 million to date from investors including Peak XV Partners, Matrix Partners (Z47), Tencent, and AIA. It competes with Pristyn Care-owned Lybrate, Medibuddy, and Healthians, among others.

NuVentures launches $75 Mn fund to support Indian founders

EntrackrEntrackr · 9m ago
NuVentures launches $75 Mn fund to support Indian founders
Medial

NuVentures, a venture capital firm founded by investor Venk Krishnan in 2015, has introduced a new $75 million fund. Based in the US, the firm aims to invest in startups with strong connections to India. Krishnan has been actively involved in India's startup ecosystem since 2002, starting with his investment in NetKraft. Over the years, he has backed more than 47 companies, including Mu Sigma, BigBasket, Acko, HomeLane, Third Wave Coffee, Geist Beer, Lucidity, and Foxtale. Previously, Krishnan primarily operated as an angel investor, selecting startups based on the founders’ passion. Now, NuVentures has evolved into a structured investment firm that provides more than just capital to startups. The fund plans to invest in four to five startups annually, with investments ranging from $250,000 to $750,000. It has already secured commitments from high-net-worth individuals (HNIs) and a Fund of Funds in the US. NuVentures has already made investments in four startups, including one founded by Carnegie Mellon University alumni. Through this fund, Krishnan seeks to empower promising entrepreneurs and support their business growth.

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