Zoya Matin, Community and PR Manager
HOV is thrilled to announce the acquisition of The Good Life, a Vietnamese health and wellness App sharing fitness workouts, nutrition plans, meditations and mindfulness lessons. The acquisition marks the entry of High Output Ventures in Vietnam, an emerging hub for start-ups.
Led by founder and CEO Chi Anh, TGL has become an essential part of daily life for modern Vietnamese women focusing on health and wellness while providing knowledge and empowerment tools.
“It was a no brainer for me. Usman and I, though through our own different ways, have always been searching for a way to serve this world better, to create positive change, to make a difference and a lasting impact that could help people live and work in a more fulfilling way. I love the way Usman and his team at HOV constantly strive to break the status quo through innovative solutions in technology & connectivity. Now with TGL, we found a common playground. It still is technology, but with the soft & warm touch of human wellness & mindful connections driving it.”Chi Anh, founder TGL
TGL has helped women become proactive in their everyday wellness and the customer base has grown quickly since their launch in late 2019. It seems to be the right time to enter the market, considering just months later, the whole country went into lock down due to Covid-19.
The company is committed to upgrading the lifestyle of Vietnamese women to become healthier, fitter and more confident. The wellness industry has seen a massive growth in the past few years worth over $4.2 trillion globally. The abundance of information available on health and wellness can often lead to quality content being buried – which is where TGL bridges the gap and information mismatch.
“I am delighted to announce that HOV has acquired the entire TGL business and will work alongside Chi Anh to turn it into the leading media property for modern women in Vietnam to learn about wellness, personal growth, and thereby lead a positive, fulfilling lifestyle. This acquisition also marks our entry into the fast-growing Vietnamese market that has been on our radar for many years. We are looking forward to investing and building more internet businesses with strong founders in Vietnam, a country that is thriving with talent and potential.”Usman Sheikh, Managing Director HOV
Usman and Chi Anh attended the National University of Singapore together 18 years ago. Since then, Chi Anh has gone from becoming a marketing professional, starting a food blog as a passion hobby to launching a thriving food & beverage business in Vietnam, lifestyle retail and now wellness.
The TGL leadership team will remain entirely intact with HOV stepping in to provide design, development and financial support and the company will maintain key regional offices in Vietnam.
The team has developed an aggressive road map for future growth and has exciting things planned ahead.
You can also read the blog post on the acquisition from Chi Anh, here.