Indian healthcare startup Practo lays off 150 people

 08-Apr-17, ET Healthworld 

Online doctor discovery and healthcare tech platform Practo has laid off about 150 employees following its annual appraisal. “The same has been followed today and 150 of our colleagues are leaving us. This is a combination of performance and natural redundancies that emerge as we evolve our businesses and integrate our five acquisitions. We continue to rapidly grow our consumer and enterprise businesses and will continue to hire talent across the board,” a company spokesperson said.

Image: Times of India

Practo has between 1,500 and 2,000 employees.The company raised USD55 mn (INR3.8 bn) in funding led by Chinese internet firm Tencent in Jan-17. So the layoffs, unlike for some other new-age internet firms, do not appear to have anything to do with a shortage of funds.

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