India, Feb. 23 -- IPO-bound healthtech startup Practo is in advanced discussions to raise $100 Mn to $125 Mn in a pre-IPO round, which will be a mix of equity and debt, sources told Inc42.

A global PE firm will lead the funding round, which will also see participation from the startup's existing investors, one of the sources said without disclosing the name of the new investor.

The funds will be raised at a post-money valuation of $700 Mn, the sources added.

Practo plans to use the fresh capital for expansion and acquisitions. The startup, which was earlier eyeing a public listing this year, is looking to make its market debut in 2027.

Questions sent to Practo didn't elicit any response till the time of publishing this story.

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