| Phablecare closed this acquisition for an undisclosed sum, betting on the start-up’s holistic approach to Type 1 Diabetes management
BENGALURU, India, March 31, 2022 /PRNewswire/ — Phablecare, one of India’s leading Health-tech players focusing on chronic disease management, announced today the acquisition of Fused Training, India’s first holistic Type-1 Diabetes health management start-up. Through this acquisition Phablecare will look at strengthening their Type-1 Diabetes vertical. Fused Training, based in Noida and led by Sahil Madan, a type-1 diabetic himself, is India’s first fitness platform for people living with Type 1 Diabetes. In its approach to tackling Type-1 Diabetes, the start-up has combined theoretical science and practical experience, which is then tailored to the user’s individual needs and lifestyle. Phablecare users can now access the tried and tested type-1 diabetes programmes of Fused Training as a result of this new partnership. Mukesh Bansal and Sumit Sinha, co-founders of Phablecare, commented on the acquisitions, saying, “Sahil has successfully combined his personal experience of living with a chronic autoimmune disorder with his expertise as a personal trainer and diabetes educator- to support others going through the same challenges. We’re thrilled to be able to add this diverse experience through Fused Training to our Type-1 Diabetes vertical. We are confident that Sahil will contribute to our mission and capability of assisting chronic disease sufferers in managing their illness better and at a lower cost to the Type-1 diabetes audience.” On being a part of Phablecare growth journey, Sahil Madan, Founder, Fused Training added, “Being the only company working for T-1 Diabetes Management & Sports-Fitness in India, we are thrilled to begin this new journey with the Phablecare team. Fused Training’s vision remains unchanged, and this collaboration will help us improve our presence and automate many of our programmes during this transition.” With India’s healthtech market expected to reach $21 billion by 2025 as a result of telemedicine and preventive healthcare growth, Phablecare is at the forefront of this, with a vision to serve the next billion Indians and assist them in better managing their chronic diseases. About Phablecare: Phablecare is an app-based and specialized platform for chronic disease care. The innovative disease management app bridges the gap between doctors and patients through a full-stack solution that delivers remote consultations and care, timely and intelligent insights, and simplified access to healthcare essentials. It currently serves 3M+ patients and 10k+ Doctors across India. Founded by Mukesh Bansal and Sumit Sinha in 2018, Phablecare has built an ecosystem of care providers, hospitals, medical device manufacturers, and insurance partners to bring digital healthcare to millions of Indians. Its complete solution for doctors is powered by a decision support system and simplifies patient engagement and clinic management. Phablecare helps doctors extend their practise beyond geographical boundaries and build better relationships with patients. Forward-Looking Statements and Additional Information This press release includes “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “predicts”, “seeks”, “may”, “might”, “plan”, “possible”, “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect our management’s current beliefs. Many factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Except as expressly required by applicable securities law, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Logo: https://mma.prnewswire.com/media/1777665/Phablecare_Logo.jpg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same) |
