FINVASIA acquires Gini Health and expands into healthcare services
News and research before you hear about it on CNBC and others. Claim your 1-week free trial for StreetInsider Premium here.
CHANDIGARH, India – (BUSINESS WIRE) – FINVASIA today announced its investment in Gini Health, a Canadian health technology company that has pioneered personalized health based on DNA and style data life to prevent disease. This acquisition advances FINVASIA’s strategic business goals of investing in and transforming traditional businesses. The partnership supports FINVASIA’s commitment to healthcare to accelerate technological innovation in preventive and personalized healthcare services.
With immediate effect, all previous investors stepped out, making FINVASIA and Gini Health founder and CEO Gurjot Narwal key stakeholders in the business. This decision by FINVASIA is a step towards lightening the company’s capital structure, giving it more space to support its business strategy.
Gini Health founder and CEO Gurjot Narwal will continue to lead the company. Finvasia together with the investment will provide group resources, operational experience, technology, infrastructure and its reach as a multidisciplinary and multinational organization.
“We are delighted to partner with Gini Health and this investment is the cornerstone of our strategy to fuel our pipeline of healthcare innovations,” said Sarvjeet Singh, co-founder of Finvasia. “Together, we will bring people personalized, long-term, technology-driven health care to people at a time when health is everyone’s priority. This investment delivers on FINVASIA’s commitment to transforming access to and delivery of health care, ”he added.
It has been an impressive year and a half for FINVASIA, with its strong investments in many diverse industries including financial services, fintech and healthcare. Given the global interest in health services after COVID, Gini Health has been one of the most important areas of investment for the group.
“The healthcare industry is going through a massive transformation and Gini Health has led it with its approach of using health data and technology to empower users to achieve positive health outcomes,” said Gurjot Narwal. , CEO and founder of Gini Health. “FINVASIA is a successful conglomerate that harnesses technology to drive innovation and transform industries. The partnership with FINVASIA brings together two passionate and innovative companies to accelerate the transformation of healthcare globally, ”he added. “With this agreement, we have the investments and resources to write the next chapter of growth and innovation. Stay tuned for our big new product announcements.
Finvasia is a global company that owns multiple brands across the financial services, fintech, blockchain, real estate, healthcare, and tech industries. The group invests in technology-driven companies and products and is committed to fostering sustainable development and generating a positive impact with its activities. Finvasia, along with its subsidiaries and sister companies, is registered with a range of regulatory bodies around the world in various capacities.
Know more: https://finvasia.com/
About Gini Santé
Gini Health is a Canadian health technology company serving customers across North America and Europe. Gini Health has received several awards and honors for its personalized healthcare approach to preventive healthcare. Gini has been invested by global VCs like TechStars, Rangle, Uken, among others. It grew into a digital health services company with the launch of its first chronic health care management program.
Know more: https://ginihealth.com/
Source: Gini Santé