Practo Technologies Pvt. Ltd., an
online doctor booking portal had acquired Delhi-based health and fitness
solutions firm Fitho Wellness Services Pvt. Ltd, which runs the Fitho Mobile
app. Bengaluru based Practo is looking to launch services in preventive healthcare
by the end of this year. This acquisition will provide it access to Fitho
proprietary algorithm and recommendation engine, which will help expand Practo
offerings.
Practo will launch a new preventive
healthcare product that will leverage some of the technology from Fitho, whose
service will phase out over the next six months. Practo raised $30 Million in a
second round funding in February to fund its expansion in 35 cities in India
and overseas.
Fitho was founded in 2010. The technology
solutions help users manage weight and lifestyle diseases. The products provide
personalized advice to millions of consumers on nutrition and physical
activity. As the part of deal, Fitho current offerings will be phased out over
the next six months and the founders will take on roles in preventive health
and new segments.
Practo ray is a subscription based
web software tool for doctors who provide automated appointment scheduling,
storage of healthcare records including x-ray, files, prescriptions and
billing. The company has 500,000 users of the mobile app which is 60% of the
total user base. The overall Indian healthcare market today is estimated to be
around $65 Billion. Healthcare delivery which includes hospitals, nursing homes
and diagnostic centers, and pharmaceuticals, constitutes 65% of the overall
market.
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