Bangalore-based healthcare start-up Practo recently acquired fitness technology venture FitHo, soon after raising $30 million from Sequioa Capital and Matrix Partners. Practo is known for providing online software that assist doctors and clinics upload and manage prescriptions, records and payment timelines of patients. On the other hand, FitHo offers diet and exercise routines to customers that are specially tailor-made for each one of them. Practo is also behind practo.com, a website that connects patients and doctors to fix appointments.
“This is the first of several acquisitions we are exploring. It is the next step in our mission to make a single health app which offers consumers a more comprehensive solution ranging from preventive to curative healthcare” said Shashank ND, Founder & CEO, Practo.
Practo’s online software is used by almost 30,000 doctors and the company plans to double its subscription every six months while Practo’s appointment website has a database of nearly 125,000 doctors. The company plans to increase its spread to 35 cities shortly.
FitHo has a yearly consumer base of more than 2 million. The company’s website states “70,000 members from across 400 town/ cities in India have used the Fitho plan.”
