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BusinessIndia

Practo  plans to expand  with  specialized  clinics 

Team Happen Recently
Last updated: 2024/01/18 at 10:20 AM
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The company currently operates 30 dental clinics with  over  40 doctors in  Bangalore,  Delhi and Mumbai and plans to  open  another 100-110 dental clinics this year, including  cities  like  Pune, Hyderabad and Chennai.  

 Healthtech startup Practo, which primarily offers  an  online appointment  booking platform,  e-pharmacy and e-diagnostics, is looking to  grow  its business with  single-specialty  care,  starting  starting with co-branded dental and  dermatologist  clinics in  select  cities.  

 The company currently operates 30 dental clinics with  over  40 doctors in  Bangalore,  Delhi and Mumbai and plans to  open  another 100-110 dental clinics this year, including  cities  like  Pune, Hyderabad and Chennai. It  also  plans to  eventually establish  co-branded dermatology  clinics.  

 “The  dental care  market is very fragmented  and there is no  single major  dental brand.  So,  consumers find it difficult to  know  which clinic to choose,” Rowel Coelho,  Sales Director of  Practo  Clinic,  told Fe in an interaction. He added that there is a need  to establish a standardized quality control system  in dental  care,  with  an  emphasis on  advanced  equipment and  price transparency.  

 For its co-branded dental clinics, Practo enters into profit-sharing partnerships with existing dental  practitioners who  operate  independent clinics and  standardize quality and infrastructure.  their  strata, treatments,  and non-medical  activities.  

 The  company’s  expansion strategy comes on the  heels  of a  slowdown  in  revenue  growth in FY23,  which saw  its  operating  revenue  decline  3.2% year-on-year to  ₹204.4 crore Rs.  However,  the company  managed to  reduce  its  loss  by 58% to Rs 99.4 crore in FY23 due to lower  advertising  and  consulting  costs.  Practo’s  B2C segment contributes nearly 80-85% of  total  revenue.  Although  its healthcare platform –  offering  online appointment booking,  e-pharmacy, and more.  –  as  the  core  of the business, the company is looking  to expand across the board, including  telemedicine, secondary care  surgery  and co-branded clinics. 

  For more  information,  visit at https://happenrecently.com/zepto/?amp=1

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