Practo Pte. Limited ("Practo") has
agreed to acquire 100% of Qikwell Technologies India Private
Established in 2011, Qikwell is a Bangalore based technology
company focusing in the healthcare domain, especially improving
access to healthcare. Qikwell has specialized expertise in
web-based discovery of hospitals/ doctors and scheduling of
appointments, and has tied up with more than 250 hospitals across
19 cities in India. Qikwell provides unique solutions to hospitals,
clinics and doctors to ensure a pleasant patient experience.
Qikwell also coordinates with over 6000 doctors, including
practitioners from fields such as neurology and gynecology.
Practo, started in 2008, provides online management services for
medical practitioners/ hospitals and also serves as a doctor
discovery platform. Practo has approximately 2 lakh doctors and
8,000 hospitals on its database. Upon completion of the current
acquisition, Practo is set to become the world's largest
healthcare platform in respect of web-based appointment booking of
The food processing industry one of the largest industries in India is widely recognized as a 'sunrise industry' in India having huge potential for uplifting the agricultural economy, creation of large scale processed food manufacturing and food chain facilities, and the resultant generation of employment and export earnings.
One of the potential threats for manufacturing and sale of food/health supplements such as "Dietary food supplement", "Food supplements", "Nutritional supplements", "Health supplements", is its categorization in the category of "Food" or "Drugs", as there is a very thin line between "drugs/ medicines" and "nutritional supplements".
In its Cabinet Note in December, 2014, the Government of India proposed significant amendments to the Consolidated Foreign Direct Investment Policy, 2014 (''FDI Policy'') with respect to India's medical device industry.
Although in countries like the United States of America and New Zealand, drugs to be prescribed by medical practitioners are allowed to be advertised directly to consumers/patients and are regulated by the respective department of the Government in charge of drugs in the country, the same practice is not followed or encouraged in India.
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