The online doctor booking startup claims the acquisition, its fourth in five months, makes it the largest healthcare appointment booking platform globally
L-R: Raghavendra Prasad, Co-Founder & CPO, Qikwell, Shashank ND, Founder & CEO, Practo and Krishna Prasad, Co-Founder & CEO, Qikwell
Marking its fourth acquisition in five months, online doctor booking platform Practo has acquired appointment booking company, Qikwell for an undisclosed amount.
The company claims that the acquisition makes Practo the world’s largest appointment booking platform with nearly 40 million appointments managed every year.
The acquisition will help Practo strengthen its position in the online healthcare business. It will gain access to Qikwell’s proprietary technologies and algorithms to help synchronise patients, doctors and front office staff at the hospital to reduce the average wait time.
Earlier this month, the Bangalore-based healthcare platform acquired Insta Health Solutions, a cloud-based hospital information management solution (HIMS) firm, for US$12 million.
Practo had also acquired products outsourcing firm Genii in July and Delhi-based fitness management platform FitHo in April. Last month the company closed US$90 million in Series C funding round led by Tencent.
Also Read: Acquisitions are a great way to add incredible talent & technology: Practo
“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.
Founded in 2011 Qikwell today has over 100 employees and had presence across 250 Hospitals in 19 cities. It will continue to be led by Krishna Prasad, Co-Founder and CEO, Qikwell and Raghavendra Prasad, Co-Founder and CPO, Qikwell.
Qikwell raised US$3 million from SAIF Partners in November last year.
Founded in 2008, Practo offers services such as helping patients find relevant doctors online, compare them and schedule appointments. It also sells PractoRay under SaaS model for primary clinics, which enables doctors to schedule, manage patient records, billing, etc.
Currently, Practo has operations in over 35 cities across India, Singapore, Philippines and Indonesia.
The firm has listed over 8,000 hospitals on its platform and is planning to expand this to over 20,000 by the end of this year.
Earlier this month, Practo announced its entry into Indonesia.
Also Read: AdsNative raises US$8.5M from Rakuten for Asia expansion
Prior to raising US$90 million in August this year, Practo had secured US$30 million in Series B funding from Sequoia India and Matrix Partners, bringing the total funds raised till date to US$125 million.
The post Practo acquires appointment-booking platform Qikwell appeared first on e27.