India, Feb. 24 -- Practo's Pre-IPO Raise

Practo is all set to go public next year. Buoyed by EBITDA profitability in FY25 and garnering healthy traction from its US pilot, the healthtech startup is now wrapping up an important item on its pre-IPO checklist - a fundraise north of $100 Mn. So, what is the inside scoop?

A Soonicorn? Practo is in advanced talks to raise between $100 Mn to $125 Mn, in a mix of debt and equity, in a round led by a global PE firm. Existing backers are also looking to top up their previous investments. While the discussions are still underway, the round could catapult the startup's pre-money valuation to $700 Mn.

Practo's IPO Thesis: The fundraise will be a precursor to Practo's latest stab at an IPO. Last hea...