Netmeds.com, the pharmaceutical e-commerce portal, has acquired the health tech startup KiViHealth in a cash and stock deal. The Chennai-based company will be investing about $10 million in order to integrate and grow KiVIHealth business segment.
KiViHealth was founded by Bhanu Mahajan and Rajandeep Singh in 2015. The Ahmedabad-based firm is a clinic management platform, helping patients to search and book doctor appointments, manage medical records, get notified on medicine schedule, and track their health timeline.
Pradeep Dadha, Founder & CEO of Netmeds.com, said, “We continue to develop a well-rounded healthcare eco-system around Netmeds. The acquisition of KiViHealth is a shining example of an innovative, technology powered, next-generation health care application that caters to the needs of a modern-day doctor. With this acquisition, Netmeds.com adds to the portfolio of technology-driven solutions as it transforms the brand into a complete healthcare product and service company.”
Bhanu Mahajan, Co-Founder, KiViHealth, stated, “KiviHealth has been well-received by the medical community which has embraced this new-age doctor/patient collaboration tool. Netmeds.com is the perfect partner to help us achieve the scale that we believe is within our grasp.”
Rajandeep Singh, another Co-Founder of KiViHealth, added, “Being under the aegis of one of the most trusted brands in e-healthcare space will inspire a greater level of confidence, accelerate our growth and help us achieve our vision of being a universal digital healthcare management platform.”