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Home / Companies / News /  Healthians acqui-hires Mumbai-based Healthy Labs, to absorb entire staff

Bengaluru: Delhi-based Healthians, an online platform for home-based diagnostic and medical services, has acquired Mumbai-based diagnostic and logistics provider Healthy Labs, according to a top company executive.

The acquisition will help Healthians break into new geographies including Mumbai and Pune, and Health Labs’ founder Nikhil Jadhav will join Healthians as assistant vice president, Healthians’ chief executive Deepak Sahni said in a telephonic interview. “The entire team of 30 employees will be absorbed into new positions such as logistics and city heads, as well as several other operations related positions within Helathians."

The Healthy Labs brand will be integrated with Healthians, allowing the latter to offer better diagnostic support to customers.

Healthy Labs, which was founded in June 2018 offers business to business logistics support for medical diagnostics centres, and until before the acquisition, the startup used to work with online aggregators and offline labs.

“The entire team of 30 employees will be absorbed into new positions such as logistics and city heads, as well as several other operations related positions within Helathians," said Sahni.

Healthians said it is currently in an expansion mode and that it has set aside close to $5 million for more acquisitions this year. It currently operates in over 30 cities across northern, southern, western and central India.

“Healthy Labs offers a quick growth opportunity for Healthians to strengthen and expand its presence. This is another step towards reaching our 100 crore revenue target this financial year," added Sahni in a press statement.

Healthians is looking at more acquisitions in emerging metros across southern, western and central India. Launched in 2015, Healthians currently processes over 60,000 test samples every month and is currently in talks with industry stakeholders including aggregators, insurance companies and healthcare apps for offering its product as a B2B service.

Healthians also offers online products such as health trackers to generate AI-based health reports. Using this product, customers can learn about their health trends along with medical recommendations, dietary and lifestyle advice on the basis of test reports, medical history, and lifestyle inputs.

The company last raised $5 million in a Series A round led by BEENEXT in October 2016. It also raised seed funding from healthcare accelerator Healthstart and angel funding from cricketer Yuvraj Singh’s VC firm YouWeCan Ventures in 2015.

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