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

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Serum Institute of India Partners with Oxford University to Develop Meningitis-B VaccineApril 18, 2024
Ethical Concerns Arise: Nestlé Accused of Adding Sugar and Honey to Infant Formula and Breakfast Cereals in Low-Income CountriesApril 18, 2024
Empowering India's Youth: IG Drones & AASSC Launch Drone Skill Program, to Upskill 10M YouthApril 17, 2024
Autonomix Medical Inc. Covered in Benzinga Article Highlighting Innovative Nerve Treatment TechnologyApril 17, 2024
Top 5 online learning platform for learnersApril 17, 2024
Broad-Spectrum RNA Vaccine Breakthrough for Enhanced Virus ProtectionApril 17, 2024
The Impact of Excessive Internet Usage on School Absence: Finnish Study Reveals Key FindingsApril 17, 2024
Uncovering Delhi's Illegal Fertility Centre Operations: Insights from Recent Child Trafficking CasesApril 17, 2024
CarDekho's CSR Arm Girnar Foundation Hosts Health Check-up Camps for Underprivileged Children in Jaipur and GurugramApril 16, 2024
Atal Incubation Centre – Centre for Cellular and Molecular Biology (AIC-CCMB) signs agreement for placement of equipment with Thermo Fisher Scientific to help advance innovation in India April 16, 2024
AVEKSHA, four-day care centres, for the kids of industrial workers inauguratedApril 16, 2024
Nearly a third of the constituencies have zero women candidates in Phase 1 and 2 of LS Elections; reveals The Quantum Hub’s Factsheet April 16, 2024
Emergency Healthcare Provider Medulance Secures $3 Million Series A Funding Led by Alkemi Growth CapitalApril 16, 2024
The Healing Power of Natural Diversity: How Nature Boosts Mental HealthApril 16, 2024
Unveiling Cellular Recycling: How Nutrient-Starved Cells Adapt to Stressful ConditionsApril 16, 2024
Advancing Cancer Care: AIIMS Bhopal’s Workshop on Biomarker Interpretation in Breast CancerApril 15, 2024
10 Powerful Benefits to Diversify Healthcare Advertising ChannelsApril 15, 2024
Understanding Hospital Sink Contamination: Challenges in Fighting Multidrug-Resistant BacteriaApril 15, 2024
Rajasthan’s Swine Flu Situation: Health Department Observes DeclineApril 15, 2024
Is Your Doctor’s Prescription Incomplete ? Insights from Recent ICMR Study Suggests So!April 13, 2024