Practo - Current Affairs Questions and Answers

1)   Healthcare start up Practo has acquired which company on 24th September 2015?

a. Fitho
b. Genii
c. Insta Health
d. Quikwell
Answer  Explanation 

ANSWER: Quikwell

Explanation:
Healthcare start up Practo has acquired Quikwell, a company facilitating appointment scheduling at hospitals. Buyout makes Practo largest world appointment booking platform with close to 40 million appointments each year. The sum for which the acquisition has been made has not been disclosed.  This is the fourth acquisition for Practo in 5 months as it  bought Fitho (digital fitness solution) in April, followed by Genii in July and Insta Health earlier this month.Quikwell helps to synchronise patients and doctors to reduce average waiting time in hospitals by as much as 3 times. Launched in 2011 by Krishna Prasad Chitrapura and Raghavendra Prasad TS, Qikwell today has over 100 employees and appointment scheduling for 250 hospitals in as many as 19 cities. Qikwell will be led by the founders. It has clients like Manipal, Fortis, Cloudnine, Narayana Hrudalaya and over 6,000 doctors including pediatricians, gynaecologists and neurologists on its platform.India, the Philippines and Singapore are areas where Practo has offices. Bengaluru-based Practo has a team of 1,500 employees.


2)   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?

a. Insta Health Solutions
b. Quick Heal Health Solutions
c. Rapid Health Solutions
d. None of the above
Answer  Explanation 

ANSWER: Insta Health Solutions

Explanation:
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.