wordpress blog stats
Connect with us

Hi, what are you looking for?

Practo acquires product dev firm Genii; to launch in enterprise segment


Doctor discovery platform Practo has acquired Mumbai based product and development firm Genii. The entire team of Genii, including the founders, will join Practo in Bangalore. The financials of the deal were not disclosed.

Practo plans to foray into the enterprise segment which will include hospitals and diagnostic centres. Practo claims that it will expand the number of hospitals on its platform from 8,000 to over 20,000 by the end of this year.

Genii specialised in product outsourcing for ecommerce portals, SaaS platforms across industries and claimed to have clients in Axis Bank, Economic Times, HDFC Red and Mediassist among others. Practo, on the other hand, claims to have over 150,000 verified doctors across 35 cities along with 4,000 labs in 8 cities and plans for expanding to 35 cities.

Diagnostic search: Earlier this week, Practo added diagnostic centers to its platform, which would allow users to search for medical test centers near them. Users would be provided accreditation information to determine the quality of the lab, check if home pickup facility is available, prices for different tests conducted by the lab, and photographs of the lab facility.

FitHo acquisition: In April, Practo acquired digital fitness solution FitHo to start offering preventive healthcare solutions to its users. Shashank ND, cofounder and CEO of Practo, informed MediaNama that the FitHo deal was a cash plus equity deal, but did not reveal the size of the deal. He also mentioned that besides the founders, the other members of the FitHo team would also be joining Practo. Shashank said that this acquisition would not only allow Practo to diversify their offerings, and enter the preventive healthcare space, it would also help with user acquisition.

It’s worth noting that, earlier this year, Shashank had told Medianama that they were working towards offering users a patient health record management solution and were interested in telemedicine. He said that Practo would look at acquiring services or products that complemented their offerings.

Sequoia and Matrix funding: The company had raised $30 million from existing investor Sequoia Capital, with participation from Matrix Partners in February this year. At the time, Practo had said the funds would be used to expand to 35 more cities in India over the next six months and for hiring.

Image Credit: Flickr user MdAgDept

You May Also Like


Facebook says it will start removing debunked misinformation about the upcoming COVID-19 vaccines in the coming weeks. The removals will be part of Facebook’s...


India’s apex drug regulator has granted medical device registration to three wearable devices from GOQii, the California-based fitness technology company. These devices offer measurements...


“We [as a society] clearly want to have more AI applications to solve serious societal problems, such as the pandemic, but we are not...


Global human rights NGO Amnesty International has asked the European Commission to block Google’s acquisition of wearables company FitBit, unless it integrates meaningful safeguards....

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ