GOQii gains $50 million from Sumeru Ventures

GOQii has gained $50 million in its Series C round from Sumeru Ventures.

GOQii has gained $50 million in its Series C round from Sumeru Ventures. Other investors include UK Primary Healthcare and Modality, 9Unicorns, Venture Catalysts, MegaDelta, Mitsui, The Times Group, Ascendo, Akbar Khan of Rain Instant Pay and Sanjay Narang. 

The debt funding was led by Blacksoil Capital and Trifecta Capital. The fund will be used to strengthen their current offerings of fitness tracker, app and real-time coaching along with adding new features like insurance and digital therapeutics.

GOQii was started by Vishal Gondal, Abhishek Sharma, Sachin Janghel and Champ Alreja in 2014. They came out with a wearable fitness band that collects the vitals of the user and lends them expert advice to help them achieve their health and fitness goals. 

They had partnered with Thyrocare and Max Healthcare to offer medical consultations to its users. They are now set to launch international offerings focusing on various solutions around preventive healthcare. The venture has raised $102.6 million in 14 rounds of funding. 

GOQii is in a space with heavy competition from HealthifyMe, Ultrahuman HQ, Gymtrack and Tonal. Yet it is the only Indian startup besides Flipkart and Paytm to have been featured as a case study for the Harvard Business Publishing Platform.

Tags : #GOQii #SumeruVentures #VishalGondal #AbhishekSharma #SachinJanghel #ChampAlreja #funding #fundingalert #smitakumar #medicircle

About the Author

Priyal Shah

Priyal Shah is a graduate of Media from Mithibai College, Mumbai. She is a writer, researcher and avid reader.

Related Stories

Loading Please wait...


Trending Now

Prescribing Equality: Tackling Gender Disparities in India's Healthcare LeadershipDecember 07, 2023
Digitalizing Health: Generative AI's Impact Amplified by AWS Cloud in IndiaDecember 07, 2023
Eyes on the Future: Dr. Agarwal's Group Channels Rs 100 Crore for Cutting-edge Eye Hospitals Across KeralaDecember 06, 2023
Organ Transplant Scandal: Apollo Hospital Faces Government InquiryDecember 06, 2023
Breaking Barriers in Cancer Treatment: Max Healthcare's CAR-T Therapy PartnershipDecember 06, 2023
Exploring the Link Between Covid-19 Vaccination and Sudden Cardiac Arrests: ICMR StudyNovember 22, 2023
Powering the Future: China's Biodegradable Wireless System for Bioelectronic InnovationNovember 22, 2023
IMS BHU Pioneers Advanced Cardiac Care: Unveiling Cutting-Edge Technologies for Precise DiagnosisNovember 18, 2023
Inito's $6 Million Boost: Transforming Women's Health with AI-Backed Fertility MonitoringNovember 18, 2023
Madras High Court Advocates for Equality: PG Medical Students to Receive Incentive Marks for COVID-19 DutyNovember 18, 2023
Next-Gen Healthcare: CarePods and AI Redefine the Patient ExperienceNovember 17, 2023
Air Quality Crisis: Alarming Rise in Premature Births Linked to Air Quality in Begusarai, BiharNovember 17, 2023
Limerick Contest-2023: A Celebration of Wit and PoetryNovember 17, 2023
IIIT-Hyderabad among top 100 institutions for 5G Use Case LabNovember 17, 2023
Powerful, motivating and inspiring talks marked TEDx Hyderabad Women 2023 which was held with the theme "Two Steps ForwardNovember 17, 2023
Speaking the Diagnosis: How AI in Voice Analysis Is Revolutionizing Diabetes DetectionNovember 17, 2023
FDA Approves Zepbound: A New Medication for Weight Loss by Eli LillyNovember 17, 2023
CoverSelf Raises $8.2 Million in Seed Funding to Revolutionize Healthcare Claims with Innovative Fintech PlatformNovember 16, 2023
From Miracle to Medic: The Extraordinary Journey of India's First Paediatric Liver Transplant RecipientNovember 16, 2023
Combatting Chikungunya: Valneva's Chikungunya Vaccine Cleared by USFDA, Eyes India LaunchNovember 16, 2023