GenWorks Health Raises $4M Investment from BlackSoil to Expand Healthcare Accessibility and Affordability
New Delhi (India), May 11: GenWorks Health, a leading medical technology company based in India, has successfully secured an investment of $4 million from BlackSoil, a Mumbai-based alternative credit platform. This investment demonstrates BlackSoil’s strong commitment to supporting the healthcare sector and is expected to significantly enhance GenWorks Health’s mission of revolutionizing healthcare accessibility and affordability through technological innovation.
GenWorks Health aims to provide healthcare practitioners with the tools necessary to enhance medical care and diagnostics while ensuring cost-effective solutions. With this new funding, GenWorks is poised to make substantial strides in eliminating barriers in healthcare services by leveraging cutting-edge technologies. The company plans to expand its network and build a next-generation platform that will solidify its position within the healthcare services sector.
Mr. S Ganeshprasad, Founder, Managing Director, and CEO of GenWorks, expressed his gratitude, saying, “This investment from BlackSoil comes at a crucial juncture as GenWorks continues to expand its customer base and infrastructure. We are grateful for the support, and we are optimistic that this investment will lead to positive outcomes in the future.”
Over the years, GenWorks Health has made significant strides in distributing medical devices and consumables across India, serving almost 40,000 clients in over 700 districts. The company is dedicated to improving healthcare outcomes through innovation and has expanded its product offerings to cover all aspects of patient care, from screening and diagnosis to treatment and monitoring. GenWorks is supported by major investors, including Somerset Indus Capital Partners, Evolvence, and Morgan Stanley, who share its vision to improve healthcare accessibility and affordability across India.
With this new infusion of capital, GenWorks is expected to accelerate its growth and further solidify its position as a leader in the medical technology sector. Mr. Ankur Bansal, Co-founder of BlackSoil, stated, “Our investment in GenWorks Health reflects our belief in the transformative potential of healthcare technology. We are committed to using our expertise and resources to create a positive impact on the healthcare industry and improve lives across India. We truly believe that everyone deserves access to the best healthcare services.”
This strategic investment will enable GenWorks to extend its reach and provide high-quality healthcare to underserved regions, making medical services more accessible to remote areas across India. The company’s unwavering transparency and commitment to quality have earned it a stellar reputation in the market, and this investment will only further support its mission.
About GenWorks Health:
GenWorks Health leverages digital solutions and technology to make healthcare more accessible and affordable across India. By connecting patients to specialists using the “care cycle” approach, the company ensures that people in even the most remote areas can access the care they need. GenWorks’ initiatives have touched the lives of over 200 million people daily, making a significant impact on healthcare accessibility across the country.
For more information, visit: GenWorks Health
Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
