Doctor discovery platform Practo has acquired Genii – a product outsourcing firm with deep domain experience building bespoke eCommerce portals, SaaS platforms across retail, media, finance and other industries for clients including Axis Bank, Mediassist, Economic Times, HDFC RED and others.
The amount of the deal has not been disclosed publicly.
The founders of Genii, Varun Vohra and Aditya Anand, along with the 11-member team will be joining Practo and move to Bangalore. Genii founders will lead product teams and accelerate Practo’s march towards the enterprise space with products focused around hospitals, diagnostic centers and others.
Commenting on the acquisition, Shashank ND, Founder and CEO, Practo stated, “This is the second of several acquisitions we are exploring. It is the next step in our mission to make Practo your health app. We believe acquisitions are a fantastic way to add world class like-minded talent to our team. It gives us a fast way to scale and the ability to further accelerate our roadmap. We continue to look at acquiring great talent and technology. I’m very excited to have the Genii team join us and look forward to building exciting products with them”.
Similarly, Varun Vohra, Founder Genni, maintained, “We’re thrilled to join the Practo team. They are passionate, talented and extremely motivated to fulfill the vision of the company. We finally selected to join Practo over some of the others because of the high impact vision, commitment to great products and their collaborative approach. We look forward to joining the team and accelerating Practo’s entry into enterprise with products for diagnostics, hospitals and other segments globally.”
Practo already lists over 8,000 hospitals on its platform and will expand this to over 20,000 by end of this year.Category Business