Continuing its ongoing, aggressive acquisition spree, Practo is now announcing the acquisition of Qikwell, an appointment booking platform which is bringing a staggering 40 Million user-base under the belt of Practo. With this, Practo continues to strengthen its market leadership as a one-stop platform for all you healthcare needs, digitally.
Qikwell, founded in 2011 by Krishna Prasad Chitrapura and Raghavendra Prasad TS, today has 100+ employees and over the last 4 years has grown to become one of the leaders in hospital appointment scheduling with presence across 250 Hospitals in 19 cities.
The platform is already powering appointments in some of India’s biggest private hospital chains, including the likes of Manipal, Fortis, Cloudnine, Narayana Hrudalaya among others. It has over 6000 doctors listed on its platform with the list expanding daily at a rapid pace.
Krishna Prasad, Co-Founder & CEO, Qikwell said in a statement,
Qikwell is 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.
Qikwell’s proprietary technologies and algorithms are built to sync patients with doctors and office staff in real-time, thus helping in reducing the average wait time by over 3X resulting in a much better consumer experience as well as better optimization of the hospital operations.
Practo, under this undisclosed financial deal, will be looking to integrate Qikwell’s tech into its entire platform, thus providing a seamless experience to users across all verticals.
For Practo, this will be its second rapid-fire (and major) acquisition, ever since it nabbed a $90 Million backing led by Tencent — which continues to remain one of the biggest venture capital rounds infused into a health-tech startup globally.
Prior to Qikwell, Practo had acquired hospital management platform Instahealth for a massive $12 Million to bring in hospital management under its ambit, and had earlier expanded on a pilot basis to Indonesia.