Apollo Hospitals Acquires Accel-Backed Healthtech Startup Onco

Apollo Hospitals has acquired Accel-backed healthtech startup Onco. This strategic acquisition marks Apollo's expansion into the health technology space, particularly in the oncology (cancer care) segment. Accel, a prominent venture capital firm, was an early investor in Onco. This acquisition allows Apollo to integrate Onco's technological solutions and expertise, enhancing its digital health offerings and strengthening its position in specialized medical care. It reflects the growing trend of established healthcare providers acquiring innovative tech startups to expand their services and market reach.