Bengaluru-based doctor-booking portal Practo has acquired FitHo Wellness, a bootstrapped digital fitness solution start-up from Delhi. Though the deal size was not disclosed, the company said it was a stock-and-cash deal. This is the first acquisition by Practo in its seven years of business and the company is looking at more such acquisitions this year.
“This is the first of several acquisitions we are exploring. There is no single go-to app for health management in India. This is our move to offer consumers a comprehensive solution, ranging from preventive to curative healthcare. The FitHo team brings on-board enormous talent and expertise to help us tap into the preventive segment,” said Shashank ND, founder, Practo.
Started in 2014 by Dhruv and Prachi Gupta, FitHo with its 12-member team will join Practo and move to its Bengaluru office. FitHo manages weight control with personalised diet and fitness recommendations to its 65,000 users in India. However, in the next six months, FitHo’s service will be phased out and ‘something new’ in the preventive healthcare segment will be launched. Practo will use Fitho’s technical solution and software product to boost its new preventive solution.
“We will integrate our technology and expertise with Practo’s offerings. Together, we will be able to offer consumers interesting and unique solutions that are more comprehensive than either of us had before,” said Dhruv Gupta, co-founder, FitHo.
In February this year, Practo raised $30 million from Sequoia Capital and Matrix Partners to expand to 35 cities in India and plans to acquire more companies working in B2B and B2C healthcare segment. The company claims to have 1,30,000 doctors listed on its web and app platforms, of which 29,000 are paid customers for its patient management software Practo Ray.