Practo’s expenses rose 75% year-on-year to Rs402.66 crore, from Rs229.76 crore a year ago. According to information sourced from business information platform Tofler, revenue was Rs211.98 crore in 2016-17, against Rs165.14 crore the previous year. Losses rose to Rs190.68 crore, from Rs64.61 crore a year ago. Practo’s expenses rose 75% year-on-year to Rs402.66 crore, from Rs229.76 crore a year ago. Other investors in the company include Belgian venture capital firm Sofina, Google Capital, Altimeter Capital, Yuri Milner, founder of Russian venture capital firm DST Global, Sequoia Capital and Matrix Partners.

Source: Mint January 21, 2018 18:11 UTC