People · Healthcare & Life Sciences

Practo appoints CK Mishra as independent director

By Startup Enthusiast · 11 March 2026

What they do

Practo helps patients discover, book, and complete healthcare journeys online

Former union health secretary CK Mishra joins as independent director; the company is IPO-bound

Practo turned EBITDA profitable in FY25 and is targeting a 2027 IPO after raising $100-125 Mn

Practo has appointed CK Mishra, a retired IAS officer, as an independent director.
Mishra has about 38 years of administrative experience.
He previously served as secretary of the Ministry of Health and Family Welfare.
He also served as secretary of the Ministry of Environment, Forest and Climate Change.
Earlier, he was additional secretary and mission director of the National Health Mission.
Two other board members, TVG Krishnamurthy and Alexander Kuruvilla, joined in October 2024.
Practo is IPO-bound and in advanced talks to raise $100-125 Mn in a pre-IPO round.

Practo is a care-navigation platform that lets patients discover, book, and complete healthcare journeys.
It connects over 7 lakh doctors and providers across 2,400+ cities globally.
It offers Insta, a full-stack hospital information management system.
Insta has over 500 clients and serves 1,200+ facilities worldwide.
In FY25, Practo reported an operating EBITDA of ₹15 Cr on revenue of ₹234 Cr.
In FY24, it had an EBITDA loss of ₹17 Cr on revenue of ₹240 Cr.
The company turned EBITDA profitable in FY25, a turnaround from the previous year.

Practo plans to raise $100-125 Mn in a pre-IPO round at a $700 Mn post-money valuation.
The funds will likely be used for expansion and acquisitions.
It is scaling its presence in the US and UAE.
It is strengthening its leadership bench across technology and product.
The IPO is now targeted for 2027, delayed from an earlier 2026 timeline.

Peak XV (existing) — Venture capital firm; previously invested in Practo.
Tencent (existing) — Chinese technology conglomerate; previously invested in Practo.
RTP Group (existing) — Investment firm; previously invested in Practo.
Z47 (existing) — Investment firm; previously invested in Practo.