About Praxify
Praxify is a Healthcare company based in Pune (India) founded in 2010, and was acquired by athenahealth in June 2017. Cloud based physician Practice Management Solution with an integrated EHR on mobiletablet. The company has 2 employees. Its Indian entity Xtremum Solutions Private Limited reported revenue of ₹8.3 Lakh. Its focus areas include HealthTech, Healthcare IT, Provider and Hospital Information Systems.
Company details
Praxify, product of Xtremum Solutions, is a cloud based practice management solution with an integrated point-of-care mobiletablet based EMR application designed to cater the needs of doctors, physicians, and their day-to-day practice. It works as an enterprise plugin to existing healthcare infrastructure, minimizing the effort and cost of installing a new HMIS and maximizing the return of investment for the enterprise and its users. It is one of the startups of summer batch of Microsoft accelerator program for 2014.
- Headquarters Pune, India
- Employees 2
- Stage Acquired
- SectorsHealthcare
- Website praxify.com
- Social LinkedIn X Facebook
- Acquired by athenahealth (Jun 2017)
- Legal Name Xtremum Solutions Private Limited
- Date of Incorporation 06 May, 2010
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹8.3 Lakh
FY 2018 · -61% YoY
- Net Loss-₹11.5 Lakh
FY 2018 · -140% margin
- EBITDA-₹11.6 Lakh
FY 2018 · -140% margin
- Investorsathenahealth
& 1 more
- Employee Count2
- Acquired byathenahealth
(Jun 2017)
Associated legal entities of Praxify
Praxify is associated with 2 registered companies on The Company Check; the primary company is Xtremum Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Xtremum Solutions Private Limited CIN U72900PN2010PTC136247 | Dissolved (Liquidated) | 06 May 2010 | Pune, Maharashtra | ₹0.1 Cr | 2 | 4 | View details |
| Praxify Technologies India Private Limited CIN U72200TN2015PTC141428 | Amalgamated | 20 Jul 2015 | Chennai, Tamil Nadu | ₹55.5 Cr | 42 | 4 | View details |
Funding Insights of Praxify
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Praxify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2014 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Praxify
Praxify has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include athenahealth and M12.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology startups are facilitated by M12. | m12.vc | San Francisco, United States | ||
Cloud-based administrative tools for healthcare providers are offered. | 1997 | athenahealth.com | Watertown, United States |
Investor details for Praxify
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Xtremum Solutions Private Limited (Praxify)
Xtremum Solutions Private Limited is the primary company behind Praxify. The boards of the 2 registered companies of Praxify currently have 8 directors; the longest-serving is Shikha Abhijit Gupta, appointed in 2010. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shikha Abhijit Gupta DIN 02918691 | Director | 06 May 2010 | 16 yrs 5 mo | Xtremum Solutions Private Limited |
| Abhijit Manohar Gupta DIN 03616153 | Managing Director | 15 Nov 2011 | 14 yrs 11 mo | Xtremum Solutions Private Limited |
| Manohar Revadmal Gupta DIN 03616156 | Director | 15 Nov 2011 | 14 yrs 11 mo | Xtremum Solutions Private Limited |
| Sramachandran DIN 06571813 | Director | 01 Jul 2013 | 13 yrs 3 mo | Xtremum Solutions Private Limited |
| Srinivasa Venkata Sivakumar Nandivada DIN 07916239 | Director | 25 Jan 2018 | 8 yrs 8 mo | Praxify Technologies India Private Limited |
| Srinivasan Vijayalakshmi DIN 08732429 | Director | 08 Apr 2020 | 6 yrs 6 mo | Praxify Technologies India Private Limited |
| Anilkumar Patil DIN 08732428 | Director | 19 May 2020 | 6 yrs 5 mo | Praxify Technologies India Private Limited |
| Dhandapani Thirumalai Nambi DIN 09744806 | Director | 30 Sep 2022 | 4 yrs | Praxify Technologies India Private Limited |
Financials of Praxify
Figures of Xtremum Solutions Private Limited, the primary company behind Praxify, for FY 2018. Revenue was ₹8.3 Lakh (-61% year on year). Net loss was -₹11.5 Lakh (-140% margin). EBITDA was -₹11.6 Lakh (-140% margin). Revenue has grown at a compounded annual rate of -60% over three years.
- ₹8.3 LakhRevenue · FY 2018 · -61% YoY
- -₹11.5 LakhNet loss · -140% margin
- -₹11.6 LakhEBITDA · -140% margin
- ₹1.94 CrPaid-up capital
- 2Employees (provident fund records)
- -60%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Xtremum Solutions Private Limited are on its company page.
Detailed financial statements for Praxify
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Praxify
3 dated milestones of Praxify across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Praxify is founded.
- Funding First funding round.
- Exit Acquired by athenahealth.
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Frequently Asked Questions about Praxify
Praxify was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Praxify is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Praxify has 2 employees.
The primary company behind Praxify, Xtremum Solutions Private Limited, reported revenue of ₹8.3 Lakh for FY 2018, down 61% year on year.
Praxify, product of Xtremum Solutions, is a cloud based practice management solution with an integrated point-of-care mobiletablet based EMR application designed to cater the needs of doctors, physicians, and their day-to-day practice. It works as an enterprise plugin to existing healthcare infrastructure, minimizing the effort and cost of installing a new HMIS and maximizing the return of investment for the enterprise and its users. It is one of the startups of summer batch of Microsoft accelerator program for 2014.
Praxify has 2 investors. Key investors include athenahealth, and M12.
Praxify is associated with 2 legal entities: Xtremum Solutions Private Limited, Praxify Technologies India Private Limited.
Yes. Praxify was acquired by athenahealth in June 2017.
The legal entities of Praxify currently have 8 directors, including Anilkumar Patil, Srinivasan Vijayalakshmi, Dhandapani Thirumalai Nambi and others.