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Marking its entry into the preventive healthcare segment, Practo, a healthcare technology startup has recently announced its acquisition of NCR-based FithoWellness, a web and app-based fitness management platform.
While keeping the acquisition cost under the wraps, Practo's co-founder and Chief Executive Officer Shashank ND has said that the "The acquisition will help Practo move into the preventive healthcare category," "Fitho will be merged entirely into Practo in the next six months and will become a single entity," he added.
The Bengaluru-based startup has funded the deal from USD 30 million it had raised in February from Sequoia Capital and Matrix Partners.
This was the second round of funding by the company, and the funds are being deployed "to finance growth and expansion plans," Shashank said.
Fitho is an NCR-based fitness management web and mobile platform, started in 2010 by Dhruv Gupta and Prachi Gupta.
Dhruv Gupta founded and exited two ventures successfully earlier -- the eyewear e-commerce and technology company GKB Online and social network Desimartini. He will now come aboard the Practo team.
While keeping the acquisition cost under the wraps, Practo's co-founder and Chief Executive Officer Shashank ND has said that the "The acquisition will help Practo move into the preventive healthcare category," "Fitho will be merged entirely into Practo in the next six months and will become a single entity," he added.
The Bengaluru-based startup has funded the deal from USD 30 million it had raised in February from Sequoia Capital and Matrix Partners.
This was the second round of funding by the company, and the funds are being deployed "to finance growth and expansion plans," Shashank said.
Fitho is an NCR-based fitness management web and mobile platform, started in 2010 by Dhruv Gupta and Prachi Gupta.
Dhruv Gupta founded and exited two ventures successfully earlier -- the eyewear e-commerce and technology company GKB Online and social network Desimartini. He will now come aboard the Practo team.
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