NEW DELHI: Health-tech platform Practo has reported a 22 per cent development in revenue to Rs 240 crore for the 2023-24 monetary 12 months because it achieved a gross merchandise worth of Rs 3,500 crore in the 12 months, based on an organization assertion. The digital healthcare platform, which connects sufferers and docs, narrowed its losses to Rs 17 crore in 2023-24 from Rs 99 crore in the earlier monetary 12 months, the assertion stated.
Practo acknowledged that additionally achieved its first full worthwhile quarter in the final quarter of 2023-24 and is on its path to sustained profitability with consecutive revenue in the previous 12 months ending September 2024.
Practo cofounder and CEO Shashank ND stated, “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 sold by a vendor or supplier.
Practo said the platform is doubling down on its core India business, expanding its presence in existing regions, and entering new domestic markets.
“Profitability and revenue development stay prime priorities as the corporate deepens its roots in India and overseas,” the platform stated. Practo operates in 22 international locations and connects over 40 crore sufferers with over 5 lakh docs and healthcare suppliers.
