Bengaluru-based healthcare platform, Practo has acquired Qikwell, an appointment scheduler at hospitals. This acquisition makes Practo a leading appointment booking platform with nearly 40 million appointments managed every year. The deal amount is still undisclosed.
With this acquisition, Practo gets a product that delivers consumer experience in hospitals and clinics by providing online appointment booking thereby, reducing time as well as facilitating contactless payment at the hospital. It will use Qikwell’s technology to improve the booking experience across the entire Practo platform.
Qikwell started in 2011, by Krishna Prasad (Co-Founder & CEO) and Raghavendra Prasad (Co-Founder & CPO), currently has 100+ employees with presence across 250 Hospitals in 19 cities. It powers patient experience across hospitals including Manipal, Fortis, Cloudnine, Narayana Hrudalaya and many more. It also has over 6000+ doctors across India including the Pediatricians, Gynecologists, Neurologists and more. Post acquisition, it will continue to be led by Krishna Prasad and Raghavendra Prasad.
Qikwell offers a solution which clinics and hospital installs to provide information on doctors, live information on doctor’s availability, online appointment booking, instant appointment confirmation and delay/or schedule change notifications.
“This is our 4th acquisition in the last 5 months. We continue our mission to help simplify and digitize healthcare globally and make Practo your health app. I am very pleased to welcome Krishna, Ragavendra and the Qikwell team to Practo. Over the coming months, we will continue our aggressive expansion and as build the world’s leading healthcare technology platform,” said, Shashank ND, Founder & CEO, Practo.
Its recent acquisitions include Genii, a product outsourcing firm; Delhi based digital fitness management application Fitho Wellness; and information management solution provider, Insta Health Solutions in July, April, and September respectively. In August 2015, Practo closed $90 million in Series C funding led by Tencent, with participation from marquee institutional investors including Sofina, Sequoia India, Google Capital, Altimeter Capital, Matrix Partners, Sequoia Capital Global Equities and Yuri Milner.