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

Successful Removal of 3.7 KG Large Abdominal Tumor from 14-Year-Old Somalian Girl at KIMS Cuddles HospitalMay 16, 2024
iLEAD Sets a Precedent by Launching a Graphic Anthology Authored by Multimedia, Animation and Graphics Students May 16, 2024
Ramaiah Memorial Hospital Launches Novel Intra-Operative Radiation Therapy (IORT); Achieves significant advancement in Cancer Treatment to Enhance Quality of LifeMay 16, 2024
IIITH Announces Product Management Summer SchoolMay 16, 2024
Çelebi India's Delhi Cargo Terminal Successfully Handles Airbus H125 Helicopter ShipmentMay 16, 2024
Plant-Based Diets and Prostate Cancer: New UCSF Study Shows Promising ResultsMay 16, 2024
National Medical Commission Approves 112 New Medical CollegesMay 16, 2024
Study Suggests That Chemotherapy Results in Physical Decline for Older Women with Breast CancerMay 16, 2024
Google DeepMind's AlphaFold 3: Revolutionizing Drug Discovery with AIMay 16, 2024
Hester Biosciences Ltd reports Consolidated Revenue growth of 18% at Rs. 79.3 crore, EBITDA up 37% to Rs. 16.4 crore and Net Profit up 12% to Rs. 6.40 crore in Q4FY24May 16, 2024
Akshay Tritiya Parna Mahotsav heldMay 16, 2024
IT Minister Sridhar Babu to grace the 10th National Facilities Managers Summit-2024, to be held in the cityMay 15, 2024
Alarming Study Reveals Cancer-Causing Chemicals in Car InteriorsMay 15, 2024
India's Thalassemia Challenge: The Importance of Early Screening and TreatmentMay 15, 2024
The Dangers of Ultra-Processed Foods: A 30-Year Study Raises AlarmsMay 15, 2024
Unique Genetic Risk Factors for Breast Cancer Found in African Ancestry StudyMay 15, 2024
AsiaMedic partners with Sunway to establish new diagnostic imaging centreMay 14, 2024
Kamineni Doctors Successfully Remove Bone Stuck Near Heart in Elderly PatientMay 14, 2024
On International Nurses Day, American Oncology Institute (AOI) launches #TheExtraordinaryCareGiver Campaign as Tribute to Oncology NursesMay 14, 2024
Shiprocket announces Shiprocket Growth Academy to upskill 100,000 Indian MSMEs through eCommerce learningMay 14, 2024