Business, Startups, Technology

Healthcare Technology Startup Practo Acquires Fitho Wellness


Image Source: bpmforreal

Bangalore based healthcare startup Practo has acquired Delhi based digital fitness management application Fitho Wellness for an undisclosed amount, however, the company said its a cash and equity deal.

As reported by The Hindu, as part of the deal Fitho’s 12 member team will move to Practo’s  facility in Bengaluru and its current offerings will be phased out over next 6 months. Co-founder of Fitho, Dhruv Gupta will be heading the Product Head for Preventive at Practo while another founder Prachu Gupta will take on the role of GM-Operations.

“This is our first of several acquisition we are exploring. Our mission is to make a single health app which offers consumers a more comprehensive solution ranging from preventive to curative healthcare,” said Shashank N.D., Founder and Chief Executive Officer at Practo.

The Bengaluru based startup had recently raised a funding of $30 million from Sequoia Capital and Matrix Partners. The funding was planned to be used for expansion in India as well as abroad and to make a few strategic acquisitions and expand its team.

Practo employs 1,000 people has presence in more than 37 cities in India including markets like Singapore and Philippiness. The company is planning to expand to other foreign markets like Latin America, South-East Asian countries and Middle-East and North Africa.

Practo offers services like helping patients find relevant doctors online, compare them and schedule appointments as well as sells PractoRay under software-as-a-service (SaaS) model for primary clinics, which enables doctors to schedule, manage patient records, billing etc. Recently it launched a Spa, ayurvedic clinics, Homeopath clinics services into its app.

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