Practo aims to turn profitable in FY24, targets 50% revenue growth

Bengaluru-headquartered digital healthcare firm Practo is eyeing a 50 per cent revenue growth in financial year 24 (FY24) and also aims to turn profitable after 15 years of its inception. In financial year 23 (FY23), the company already reduced its losses by 50 per cent to Rs 93.68 crore from Rs 211.86 crore in FY22.

It is also planning an offline presence in primary and secondary healthcare through Practo-branded clinics.

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.