Exclusive: After 6 Profitable Quarters, Practo Quietly Expands Into US – IPO May Be Closer Than You Think
Practo Turns Profitable — And Looks Beyond India In a major turnaround, Bengaluru-based digital health platform Practo has clocked its first full-year operating EBITDA profit in FY25, according to an exclusive update accessed by Entrackr. But that’s not all — the company has quietly launched a pilot
Practo Turns Profitable — And Looks Beyond India
In a major turnaround, Bengaluru-based digital health platform Practo has clocked its first full-year operating EBITDA profit in FY25, according to an exclusive update accessed by Entrackr. But that’s not all — the company has quietly launched a pilot program in the US, with 50–60 paying customers already on board.
The company, which once struggled to find sustainable unit economics, is now signaling IPO readiness as it targets global expansion.
From Big Losses to Lean Profits: Practo’s Financial Comeback
Here’s a quick snapshot of Practo’s FY25 numbers:
- Operating EBITDA: ₹15 crore (vs ₹17 crore loss in FY24)
- Revenue from operations: ₹234 crore
- GMV: ₹3,500 crore (steady year-on-year)
- Cash Flow: Positive
- Profit turnaround since FY22: From a ₹162 crore loss to ₹15 crore profit
That’s a 109% improvement over three years — rare for Indian healthtech at this scale.
Scaling Smart: High Margins, Cost Control, and Global Vision
Practo’s resurgence is powered by a tech-driven focus on its core ‘Care Navigation’ model, connecting patients with doctors, diagnostics, and care services efficiently.
Key growth levers:
- Gross margin growth: 30% CAGR over 3 years
- Contribution margin: Up from 40% (FY24) to 46% (FY25)
- Reach: 50M+ patients, 640+ cities, and over 5 lakh doctors
This sharp operational focus hints at a company not just recovering — but gearing up for scale, fast.
The US Pilot: Practo’s Silent Global Move
Entrackr’s exclusive also reveals that Practo is piloting its service in the United States, where 50–60 paying customers have already signed up. While details remain under wraps, this move signals that Practo’s global ambitions are no longer theoretical.
If the pilot gains traction, it could be the launchpad for a full-fledged international rollout — possibly ahead of an IPO.
Is an IPO Coming Soon?
With six straight profitable quarters, a positive cash flow position, and early international expansion, Practo looks IPO-ready. While no official statement has been made, insiders suggest the company is laying the groundwork for a public listing — potentially within the next 12–18 months.
Final Take: From Indian Healthtech Underdog to Global Contender?
Practo’s story is no longer just about digitizing clinics or doctor bookings. With profitability locked in, global pilots underway, and a sharply growing margin profile, the startup may soon become India’s first global healthtech unicorn to go public.
Reader questions.
About “Exclusive: After 6 Profitable Quarters, Practo Quietly Expands Into US – IPO May Be Closer Than You Think” — five of the most-asked, in the desk's own words.
01What is this story about?
Practo Turns Profitable — And Looks Beyond India In a major turnaround, Bengaluru-based digital health platform Practo has clocked its first full-year operating EBITDA profit in FY25, according to an exclusive update accessed by Entrackr. But that’s not all — the company has quietly launched a pilot02Who wrote it?
The Entrepreneur Story · Staff. 2 min read · Aug 04, 2025.03Is this sponsored?
If a piece is, the disclosure sits above the cover image and again in our public transparency report. This one carries no commercial disclosure.04How do I get the rest?
Subscribe to The Briefing for a Wednesday letter from the desk, or browse by category from the top navigation.
