Practo, the online platform which helps you scout doctors conveniently, has acquired digital fitness solution firm Fitho Wellness to foray into preventive healthcare market.
The financial details of the deal have not been disclosed. As a part of the deal, FitHo co-founders Dhruv Gupta and Prachi Gupta will be joining Practo as Product Head for Preventive and GM-Operations, New Segments, respectively. Other members of the team will also join them.
Fitho claims to have more than 2 million people using its services every year across the globe. The acquisition is also with the intention of packing Practo’s app with all the health-related offerings and hence make it a one-stop health and fitness solution. It currently offers four plans – custom weight loss plan, a diet plan, exercise plan and regular monitoring from health coaches or dieticians.
Dhruv Gupta, CEO and co-founder of Fitho, said,
I love the energy and passion that Practo team has for transforming healthcare and look forward to working with Shashank and the team to build some exciting products.We also find a great cultural fit with Practo where the discussions have been very collaborative about building great products and businesses together.
Shashank ND, CEO of Practo, said,
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.
Fitho Wellness was founded in 2011 by Dhruv Gupta and Prachi Gupta with an aim of creating solutions for people to make it simpler for them to live healthier lives. It claims to have more than 70,000 users in India.
Practo was founded in 2008 by Abhinav Lal and Shashank ND. It is a search engine platform for patients to find doctors, with a second offering allowing doctors to keep track of their patients. Users can search for doctors based on specialty and location. Patients can also book appointments from the search results itself.
Till now, Practo has raised $35 million in two rounds of funding from Sequoia Capital and Matrix Partners, latest being a $30 million in Series B round. It claims have received 4 million searches for doctors on the platform in January 2015.
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