Practo acquires Insta Health Solutions for USD 12 million
Q. Practo, a Bengaluru based online healthcare platform has acquired which company for USD 12 million in a cash and equity deal on 14th September 2015?- Published on 15 Sep 15a. Insta Health Solutions
b. Quick Heal Health Solutions
c. Rapid Health Solutions
d. None of the above
ANSWER: Insta Health Solutions
Bengaluru origin Practo backed by Chinese major Tencent and Russian billionaire Yuri Milner acquired hospital information management company Insta Health Solutions. The acquisition was for INR 76 crore in a cash and equity deal. This is the third acquisition for Practo in less than six months, earlier acquisitions being app based fitness management platform Fitho Wellness and product outsourcing company Genii. Practo was founded in 2008 by Shashank N D and Abhinav Lal. It raised USD 90 million from Tencent in August along with other investors like Google Capital, Sequoia Capital and Altimeter Capital.
