After Bangaluru-based doctor discovery platform, Practo has announced acquisition of a product outsourcing firm, Genii with deep domain experience building bespoke e-commerce portals, SaaS platforms across retail, media, finance and other industries for clients including Axis Bank, Mediassist, Economic Times, HDFC REDand others.
Acquisition to strengthen tech team at Practo and help accelerate time to market across enterprise segments.
“This is the second of several acquisitions we are exploring. It is the next step in our mission to make Practo your health app. 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. I’m very excited to have the Genii team join us and look forward to building exciting products with them,” Shashank ND, Founder & CEO, Practo.
The founders of Genii, Varun Vohra and Aditya Anand, along with the 11-member team will join Practo in Bangaluru and would lead product teams. It will also accelerate Practo’s march towards the enterprise space with products focused around hospitals, diagnostic centers and others.
Commenting on the matter, Vohra said, “We’re thrilled to join the Practo team. They are passionate, talented and extremely motivated to fulfill the vision of the company. We finally selected to join Practo over some of the others because of the high impact vision, commitment to great products and their collaborative approach. We look forward to joining the team and accelerating Practo’s entry into enterprise with products for diagnostics, hospitals and other segments globally.”
Practo already lists over 8,000 hospitals on its platform and will expand this to over 20,000 by the end of this year.
While, Genii is a technology services firm focused on product design and development. In the past 3 years, they’ve taken more than 30 products from inception to launch across multiple domains including retail, finance, real estate, travel and events while maintaining triple digit growth year on year.
Home image curtesy: Shashank ND, Founder & CEO, Practo with Genii founder duo Varun Vohra and Aditya Anand
