Online healthcare platform Practo has acquired its four-year-old competitor Qikwell that does appointment scheduling at hospitals.
Size and other financial details of the deal were not disclosed. Both the co-founders and Qikwell team will join Practo after the deal. “We continue our mission to help simplify and digitise healthcare globally and make Practo your health app. I am very pleased to welcome Krishna, Ragavendra and the Qikwell team to Practo. Practo has been the pioneer in digital health and with this acquisition Practo now becomes the world’s leading appointment management platform. Over the coming months, we will continue our aggressive expansion and build the world’s leading healthcare technology platform,” said Shashank ND, founder and CEO, Practo.
Started in 2011, by Krishna Prasad Chitrapura and Raghavendra Prasad TS, Qikwell claims to have 6,000 doctors and more than 250 hospitals on its platform from across 19 cities.
Practo said, with this acquisition it has become the world’s largest appointment booking platform with nearly 40 million appointments every year collectively.
Saif Partners had invested $3 million in the company in November last year in Series A round. “We are thrilled to join Practo in our quest to enable digital healthcare worldwide. We share the same passion, vision and commitment to customers in offering great products. We chose Practo over some other options because together we can offer superior, comprehensive and integrated solutions for all participants in the healthcare ecosystem across patients, doctors and healthcare providers. I look forward to working with Shashank and the Practo team in realising our shared vision of transforming healthcare globally,” said Krishna Prasad, co-founder and CEO, Qikwell.
This is Practo’s fourth acquisition in the last five months. Earlier this month it acquired Insta Health to get better access to hospitals in both India and globally.