Practo bets on infrastructure model ahead of IPO

Practo is increasingly repositioning itself from a doctor-discovery platform into a broader healthcare infrastructure business ahead of its planned 2027 listing, betting that software and provider-side services can create more durable economics than consumer-led healthtech models.

The shift comes at a time when several digital healthcare businesses have struggled to convert scale into sustained profitability. Consumer-facing platforms typically rely heavily on customer acquisition spending and transaction volumes, while software and infrastructure businesses tend to generate recurring revenue and create deeper relationships with providers.