Latest news with #ShashankND
Arabian Business
5 days ago
- Business
- Arabian Business
India-based digital healthcare platform Practo launches instant online access services in UAE
Practo, an India-based digital healthcare platform, announced going live in the UAE, enabling users in Abu Dhabi, Dubai, and Sharjah to book appointments with verified doctors and access thousands of patient reviews. Some of the early clinics and hospitals partnering with include e-Kaya Skin Clinic, Sulaiman Habib Hospital and Clinics, Micris Dental, Smile on Dental Clinic and Quintinha hospitals, the platform said. Shashank ND, Co-founder & CEO, Practo, said in today's world, and particularly in a market such as the UAE, access to quality healthcare should not be defined by proximity alone. 'Our experience has shown that patient reviews are a trusted indicator for users to make a decision, and we are now happy to extend this opportunity to users in the UAE,' he said. Shashank said the initial response to the online access services has been overwhelmingly positive. Practo said it already has more than 31,000 doctors, 3,000 healthcare facilities, and over 50,000 monthly users already accessing the platform in the UAE. As an insurance-led healthcare market, Dubai places strong emphasis on coverage when it comes to accessing care. Practo said it already has insurance data at the establishment level and will make this available at the doctor level by the end of the month, enabling more informed patient decisions. The launch builds on Practo's over 10-year presence in the UAE through Insta by Practo, its hospital management software that powers operations at leading healthcare institutions across the region.
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Business Standard
6 days ago
- Business
- Business Standard
Healthcare site Practo aims to double international revenue in 3 years: CEO
Practo, an Indian healthcare services platform connecting doctors and patients, wants to double its revenue from international business in the next three years as it expands into developed markets, a top executive told Reuters. Founded in 2008, the Bengaluru-based firm gets about 20% of its revenue from international markets, where its bigger presence is through its software management service for hospitals in South East Asia, the Middle East and Africa. The company aims to double this revenue stream in the next two to three years but mostly via the consumer-facing platform, which currently is present only in Dubai, Sharjah and Abu Dhabi, outside of India. This expansion will aid double-digit overall revenue growth, CEO Shashank ND told Reuters last week. Practo's revenue jumped 22% to 2.4 billion rupees ($28 million) in fiscal 2024. "...If you look at Canada and Australia or any of the western markets ... there isn't ... technology that has led to better health outcomes from a doctor-marketplace standpoint. And that's where we see a very wide open field," said Shashank, who goes by his first name. Practo is also working on going public in India, he added, without specifying a timeline. The company, which achieved profitability in the March 2024 quarter, was valued at $418 million as of April 2022, according to data from market intelligence platform Tracxn. The COVID-19 pandemic gave the platform a boost due to a shift in people's mindset that prompted them to consult doctors regularly, Shashank said. "Before COVID, it was more challenging. It took us a lot more time to convince providers to see the benefits of digital. But after COVID, I must say that it's a reverse effect. We have a lot more pull from the supply side." ($1 = 85.3700 Indian rupees) (Reporting by Rishika Sadam; Editing by Janane Venkatraman)
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Business Standard
6 days ago
- Business
- Business Standard
Practo expands to UAE, targets markets with large Indian diaspora
Bengaluru-based integrated healthcare platform Practo has launched its services in the UAE (United Arab Emirates), beginning with Dubai, Abu Dhabi, and Sharjah. The company stated in a media briefing that it is targeting markets with a large Indian diaspora as part of its next phase of expansion. 'Practo's expansion strategy reflects our commitment to making Indian healthcare innovations accessible globally. Following our achievement of profitability in FY24 and sustained performance with positive cash flows in FY25, we are excited to extend Practo's reach in the UAE. This is just the beginning as we scale our efforts to improve healthcare outcomes worldwide,' said Shashank ND, co-founder and chief executive officer, Practo. Shashank noted that Practo has maintained a B2B presence in the UAE for over a decade, providing hospital management software to leading healthcare institutions such as Life Medical Center, Emirates Hospital, and Healthcare Organisation UAE. Combined, Saudi Arabia and the UAE contribute 10–15 per cent of Practo's annual revenue through its B2B operations. On the B2C front, the company is witnessing annual recurring revenue (ARR) growth of $200,000 from these markets. The platform currently supports over 31,000 doctors, 3,000 healthcare facilities, and records 50,000 monthly active users in the UAE. Some of the clinics and hospitals partnered with Practo in the country include e-Kaya Skin Clinic, Sulaiman Habib Hospital and Clinics, Micris Dental, Smile On Dental Clinic, and Quintinha Hospitals. With its recent launch, the health-tech firm further expands its reach by offering a one-stop solution that goes beyond individual hospital networks. Users gain 24x7 access to verified doctors across top specialties such as dentistry, dermatology, gynaecology, general practice, ENT, physiotherapy, and psychiatry, with instant appointment booking. The company believes that with many users frequently travelling between India and the Gulf for medical or personal reasons, Practo's cross-border presence enables seamless continuity of care. The platform connects UAE-based users with top Indian providers and vice versa, supporting patients across both regions. Users can search by specialty, symptoms, surgeries, or treatment options.
Reuters
6 days ago
- Business
- Reuters
Indian healthcare platform Practo aims to double international revenue in 3 years, CEO says
May 28 (Reuters) - Practo, an Indian healthcare services platform connecting doctors and patients, wants to double its revenue from international business in the next three years as it expands into developed markets, a top executive told Reuters. Founded in 2008, the Bengaluru-based firm gets about 20% of its revenue from international markets, where its bigger presence is through its software management service for hospitals in South East Asia, the Middle East and Africa. The company aims to double this revenue stream in the next two to three years but mostly via the consumer-facing platform, which currently is present only in Dubai, Sharjah and Abu Dhabi, outside of India. This expansion will aid double-digit overall revenue growth, CEO Shashank ND told Reuters last week. Practo's revenue jumped 22% to 2.4 billion rupees ($28 million) in fiscal 2024. "...If you look at Canada and Australia or any of the western markets ... there isn't ... technology that has led to better health outcomes from a doctor-marketplace standpoint. And that's where we see a very wide open field," said Shashank, who goes by his first name. Practo is also working on going public in India, he added, without specifying a timeline. The company, which achieved profitability in the March 2024 quarter, was valued at $418 million as of April 2022, according to data from market intelligence platform Tracxn. The COVID-19 pandemic gave the platform a boost due to a shift in people's mindset that prompted them to consult doctors regularly, Shashank said. "Before COVID, it was more challenging. It took us a lot more time to convince providers to see the benefits of digital. But after COVID, I must say that it's a reverse effect. We have a lot more pull from the supply side." ($1 = 85.3700 Indian rupees)
