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...

-Advertisements-



Trending Now

Parental tips for keeping teens safe onlineFebruary 08, 2023
The Symptoms and Causes of Anorexia NervosaFebruary 08, 2023
Pervez Musharraf President of Pakistan died of Amyloidosis, a rare diseaseFebruary 07, 2023
National AIDS Control Program – Importance of knowing HIV statusFebruary 06, 2023
FGM : Let's End the practice that hurts girls and womenFebruary 06, 2023
World Cancer Day - Most prominent cancers of IndiaFebruary 04, 2023
World Cancer Day - Never Give up the HopeFebruary 04, 2023
Salt - Effects of Consuming too much SaltFebruary 03, 2023
India’s mission of eliminating dog-mediated rabies by 2030February 03, 2023
Climate change and healthFebruary 02, 2023
Rheumatoid Arthritis Awareness Day: Let's Create AwarenessFebruary 02, 2023
Importance of early diagnosis and cancer screeningFebruary 01, 2023
Union Budget 2023-2024: What's for Healthcare?February 01, 2023
Nourish You has raised $2million to Invest in R&D and Strengthen its Market Presence.February 01, 2023
Enzene Biosciences has raised $50million to expand in its core market of India and US.January 31, 2023
Enzene Biosciences has raised $50million to expand in its core market of India and US.January 31, 2023
World Leprosy Day 2023 – Act now, End LeprosyJanuary 30, 2023
The Warrior Expedition 32/26: A Mission to Encourage Youths to join Indian ForcesJanuary 30, 2023
Mental health – What’s normal and what’s abnormalJanuary 30, 2023
Big Data in Healthcare and Its BenefitsJanuary 27, 2023