Practo today announced acquisition of Mumbai based Genii. In July 2012, Practo raised INR 25 crores in Series A funding from Sequoia Capital.
In February 2015, Practo raised USD30 Million in funding from Sequoia Capital and Matrix Partners. Prior to this acquisition, in April 2015, Practo acquired Fitho Wellness.
Genii is a technology services firm focused on product design and development with clients including Axis Bank, Mediassist, Economic Times, HDFC RED and others.
After this acquisition the entire team including the founders will join Practo in Bangalore. As per Genii, they have at present 21 employees and more than 50 clients.
Practo founded in the year 2009 by Shashank ND and Abhinav Lal, both alumni of NIT Surathkal. By using Practo website or application you can search doctors and use its product to manage patients and digital health care records. Prato claims to have list of more than 8000 hospitals.
Shashank ND of Practo Technologies Private Limited said, “we believe acquisitions are a fantastic way to add world class like-minded talent to our team. It gives us a fast way to scale and the ability to further accelerate our roadmap. We continue to look at acquiring great talent and technology to build products that will help billions of people make better healthcare decisions every day”.
“I look forward to significantly accelerating our product roadmap for the enterprise segment as we look to build impactful products as well as grow the number of hospitals on our platform from the current 8,000 to over 20,000 by the end of the year”.