Singapore-based Symple Wellness Platform has acquired AllizHealth, a consumer health and wellness platform. The details of the deal remain undisclosed. Symple Wellness Platform is looking to enter the Indian healthtech industry with this acquisition.
Symple Wellness Platform’s operating brand Vivant will bring a strong and dedicated team of around 40 members along with a robust technology architecture to carry on its expansion plans in India. Operated by Caressa Solutions Pvt. Ltd, AllizHealth will be rebranded to Vivant, as per the company statement.
Talking about the investment, Anupa Naik, CEO at Vivant, said, “The acquisition brings with it an outstanding team and technology capabilities that will strengthen our ability to help customers engage with their health meaningfully and productively,”.
AllizHealth was founded by Chinmoy Mishra, Gaurav Vij, Rasmi Mishra, and Dhairya Gupta in 2012. It helps provide early tracking and identification of health risks through various products and services offered by the platform including Health Management Programs, Wellness Program, Health Wallet, Health Tracker app, etc.
The platform claims to have over 600,000 users leveraging its services, among these 40% people use it to track children’s vaccination, 20% to record parent’s health records, and 35% tracking their medication.
Except for Gupta, all the other co-founders will remain with Vivant after the acquisition. AllizHealth had earlier raised ₹2 crores ($350, 000) from Mumbai Angels and some other individual investors back in 2015.
AllizHealth will benefit from strong domain expertise and its leadership, and on the other hand, Vivant can utilize AllizHealth’s network in India to expand and provide better healthcare services to its users.
Healthtech is receiving a lot of attention lately with some big giants looking to get into the Indian healthtech market. In recent developments, e-commerce giant Amazon is in talks to acquire India’s largest e-pharmacy MedPlus, also Flipkart has held talks with two online pharmacies, 1mg, and PharmEasy.
Other startups in the healthtech domain include Practo, Lybrate, DocsApp, SigTuple, SynTheraBiomedical, HealthEnablr, among many others.