FINVASIA plans to expand in healthcare with Gini Health acquisition

FINVASIA, an Indian fintech company, has recently announced that it has acquired Gini Health, a personalized health & nutrition company based in Canada. The move is in line with FINVASIA’s plan to strengthen its business objectives of capitalizing on traditional businesses and revolutionizing them.

The move backs the commitment of FINVASIA to accelerate technology-led invention in preventive and personalized healthcare services.

Reportedly, all of its previous investors have exited, making Gini Health's founder and CEO Gurjot Narwal and FINVASIA as the prime shareholders in the firm with immediate effect. This move is a step towards strengthening FINVASIA capital structure and supporting its business plans more effectively.

Under this acquisition, Gurjot Narwal will be further managing the company while FINVASIA will provide group resources, technology, operational experience, infrastructure, and visibility as a multidisciplinary, multinational organization.

Sarvjeet Singh, Co-founder of FINVASIA, said that they are thrilled to enter a partnership with Gini Health. This investment is based on the firm's strategy to drive its pipeline with healthcare innovation.

Together the firms can provide people with tech-driven, personalized, and long-term healthcare at a time when health is a priority for most people. This investment is in line with FINVASIA's aim to revolutionize healthcare access and delivery, he continued.

FINVASIA has had a strong year and a half, with investments in various industries, including financial services, fintech, and healthcare. Gini Health has been one of the most major investment areas for the firm, given the global demand in healthcare services following COVID.

Gurjot Narwal, CEO & Founder of Gini Health, said that the Health industry is revolutionizing. Gini Health has been a pioneer in the health domain with its strategy to use health technology and data to let users get positive health outcomes.

FINVASIA is one of the leading firms which employs technology to augment innovation and renovate industries. This collaboration brings two leading and driven firms together to quicken revolution in healthcare at a global scale, he added.

Source Credit - https://www.usnews.com/news/technology/articles/2021-10-27/exclusive-us-battery-startup-redwood-materials-sets-deal-with-koreas-l-f