Online pharmacy NetMeds Marketplace Pvt. Ltd said on Monday it has acquired health-tech startup KiViHealth in a cash-and-stock transaction.
The acquisition adds to Netmeds.com’s portfolio of technology-driven solutions as it grows into a diversified healthcare product and services company, founder and CEO Pradeep Dadha said in a statement.
NetMeds didn’t disclose the deal value but said it will invest about $10 million (Rs 70 crore) to grow the healthcare business of KiViHealth. Operated by Ahmedabad-based Kivi Technologies Pvt. Ltd, the startup was founded in 2015 by Indian School of Business alumni Bhanu Mahajan and Rajandeep Singh.
KiViHealth is a clinic management platform that allows doctors to generate digital prescriptions. It also offers electronic historical health records storage for the benefit of the patients and physicians. The KiViHealth app also provides an appointment booking module and a patient engagement tool, along with billing invoicing solutions.