Table of Contents
Is Practo in losses?
Practo spent Rs 13.2 crore on advertising promotional expenses, up from Rs 10.2 crore in the previous year. Despite bringing down its overall expenses to Rs 201 crore in FY19 from Rs 247 crore in FY18, the company’s losses ballooned 10\% year-on-year to Rs 71 crore.
Who funded Practo?
In 2015, Practo secured $90 Mn Series C funding led by Tencent, with participation from Sofina, Sequoia Capital, Google Capital, Altimeter Capital, Matrix Partners, and Yuri Milner.
Why is Practo successful?
Practo – Revenue Model The Practo revenue model centres around the medical providers (clinics) and Practo makes most of its money through the SaaS subscription software. The revenue of practo is generated mainly from its app that has got a feet-on-ground sales strategy. It is expensive but effective at the same time.
What is wrong Practo?
The market was wrought with inefficiencies. Large, inefficient, disorganized, as many AJVC readers know, is a recipe for disruption. Practo provided them with an end-to-end practice management software, that electronically managed their appointments, prescriptions, billings, and patient medical records.
Is Practo a listed company?
Practo Technologies Private Limited is a Private incorporated on 08 May 2008. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Its authorized share capital is Rs….Listing and Annual Compliance Details.
Listing status | Unlisted |
---|---|
Date of Latest Balance Sheet | 31 March 2019 |
How much can you earn from Practo?
Doctor salary in Practo ranges between ₹ 22.5 Lakhs to ₹ 28.8 Lakhs. This is an estimate based on salaries received from employees of Practo.
How much is Practo worth?
Practo has raised nearly $124 million in funding across 3 rounds. It’s valued at $500 million, and is India’ s best funded healthcare startup.
What is Practo and how does it work?
Like many others, Practo is a case of necessity birthing innovation. Back in 2008, when Shashank ND’s father needed a knee surgery, they finalized a specialist in the US. The doctor wanted to check the medical records before giving his opinion; however there was no easy and secure way to get the reports and prescriptions and send them across.
How does Practo sell its software to doctors?
Contrary to popular advice, Practo adopted a fleet-on-street model to sell its platform to doctors. The team was forced to do so as it was difficult to sell software over a phone call to private doctors and small clinics who were already overloaded with work.
How can Practo help your practice?
Large, inefficient, disorganized, as many AJVC readers know, is a recipe for disruption. Practo provided them with an end-to-end practice management software, that electronically managed their appointments, prescriptions, billings, and patient medical records.
What are the challenges faced by Practo?
One of the challenges it faced initially was on-boarding famous doctors who were too comfortable with their old systems. However, Practo had a large enough market even outside these top doctors. With India’s low doctor patient ratio, every doctor tends to be oversubscribed and is likely to find Practo’s service compelling.