PRACTI

Company Overview

Snapshot

Founded in January 2012 by Ohad Folman and Edan Folman, PRACTI operated with 11–50 employees. The company raised $1.5M across one funding round from one investor before being acquired by Just Eat-Takeaway in April 2019.

Business overview

PRACTI developed retail systems, including mobile point-of-sale applications, specifically designed for small retail chains and franchises. Its core technology enabled businesses to manage their data in the cloud, ensuring accessibility from any location. The platform also integrated in-store sensors for offline analytics and offered white-label consumer-facing apps to enhance customer experience. PRACTI operated within the Agriculture & Food Technologies sector, with a focus on Fintech and eCommerce, serving markets in Israel and the United Kingdom.

Strategic signal

PRACTI's acquisition by Just Eat-Takeaway in April 2019 highlighted a strategic move by a major food delivery platform to integrate POS systems, aiming to deepen its relationship with restaurants and potentially lock in their services. This event signaled a growing trend of consolidation in the food tech and retail solutions space, where larger players sought to offer more comprehensive services to their merchant partners.

Company Intelligence Q&A

When was PRACTI acquired?

PRACTI was acquired by Just Eat-Takeaway in April 2019.

Who founded PRACTI?

PRACTI was founded by Ohad Folman and Edan Folman.

What was PRACTI's primary focus?

PRACTI focused on developing retail systems, including mobile point-of-sale apps, tailored for small retail chains and franchises, enabling cloud-based data management and offline analytics.

What was the total capital raised by PRACTI?

PRACTI raised a total of $1.5M across one funding round.

Which investor participated in PRACTI's funding round?

Yuval Tal participated as an investor in PRACTI's $1.5M funding round.