India: Practo, OYO, Grofers will have to show path to profitability as they seek to enter coveted club of unicorns

When online healthcare services platform Practo last raised capital from a consortium of investors including Chinese Internet giant Tencent, its valuation reportedly crossed half-a-billion dollars from under $150 million. Eleven months later, the Bengaluru-based start-up, according to The Economic Times, is sprinting towards a valuation of over $600 million as it negotiates with investors to raise another $50-60 million.