Save Your Money (SYM), a fintech startup which offers an automated micro-saving platform, has been Acqui-hired by healthcare technology company Good Methods Global (GMG) which is backed by Accel Partners.
About The startups:
Save Your Money (SYM) founded by Aravind Muraleedharan, Vivek S, Abin Alias, Aswin Dev and Sarah Abraham while in their third year of engineering at the Muthoot Institute of Technology And Science in Ernakulam, Kerala. The startup was part digital learning program of the Startup Village Collective (SV.CO).
SYM is still in its nascent stage and has not had measurable commercial success, but the talented team drew the attention of GMG, which has previously hired founders mentored by SV.CO.
Post acquisition, the Co-founders Arvind and Sarah Abraham will be joining the GMG team assurance department.
Good Method Global (GMG) was founded in 2015 by Abilash Krishna is an Orlando-based healthcare startup. The startup’s mission is to improve healthcare practice management. Their flagship product is called CareStack which is a powerful practice management solution on the cloud for growing dental practices. CareStack is currently used by large and growing practices as an all-in-one solution to increase productivity, minimize costs and improve patient dental care.
Commenting on the deal, Good Methods Global CEO Abhilash Krishna said, “Students who are building campus startups pick up engineering, design, and production skills which are in demand in the industry. We have previously acquired another team from SV.CO and that has worked out really well for us, with one of the top students now working out of our US office.”
SV.Co, the second phase of Kerala’s Startup Village incubator, was set up in 2012. In 2016, it revealed plans to expand nationwide following approval by the Central Government’s Department of Science and Technology. For its third batch, the organization invited 100 SaaS startups to build working prototypes of their products for early customers.
SV.CO’s 2017 admissions will begin this month with Season 2 of the #StartinCollege campaign launched across colleges in India. Read more about Indian Startup Ecosystem. Read more about Indian Startup Ecosystem.