Update: Practo founder & CEO Shashank ND informed MediaNama that the FitHo deal was a cash + equity deal, though he declined to reveal the size of the deal. He also mentioned that besides the founders, the other members of the FitHo team will also be joining Practo. He also mentioned that this acquisition will not only allow Practo to diversify their offerings, and enter the preventive healthcare space, it will also help with user acquisition. A user is unlikely to seek a doctor more than one every couple of months, unlike a preventive fitness solution which potentially can be a regular feature in their life - similar to a fitness wearable. Earlier: Healthcare technology company Practo has acquired digital fitness solution FitHo to start offering preventive healthcare solutions to its users. The financial details of the deal have not been disclosed yet. Following this acquisition, FitHo co-founders Dhruv and Prachi Gupta will be joining Practo as Product Head for Preventive and GM-Operations, New Segments, respectively. FitHo’s current offering will be phased out over the next 6 months and Practo will launch a new preventive product leveraging some of FitHo's technology. Practo founder & CEO Shashank ND mentioned that this was the first of several acquisitions they're looking at, though he did not mention specific targets or at what stage(s) the talks, if any, are in. FitHo claims to have over 2 million users globally. At present, FitHo offers users a custom weight loss plan, including a diet plan, exercise plan (which includes…
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