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

Transforming Brain Healthcare: India's Visionary Task Force for Neurological DisordersApril 25, 2024
The Battle Against Malaria: Rising Trends and Vaccine InnovationsApril 25, 2024
Talc and Asbestos Controversy: Inside Johnson & Johnson's Courtroom StruggleApril 25, 2024
The Hidden Struggles of Parenthood: Addressing Isolation, Loneliness, and BurnoutApril 25, 2024
FDA Confirms Bird Flu Virus Remnants in Pasteurized Milk: Safety and Regulatory InsightsApril 24, 2024
Sarvodaya Hospital Redefines Total Knee Replacement Surgery with Augmented Reality April 23, 2024
Fateh Education announces partnership to expand educational opportunities for Indian studentsApril 23, 2024
10 Strategies to counter disinformation for the healthcare digital ecosystemApril 23, 2024
Is Selling Over-the-Counter (OTC) Drugs in General Stores A Step Towards Affordable Healthcare in IndiaApril 23, 2024
Student Health Crisis: Food Poisoning Incident Strikes Pune Coaching CentreApril 23, 2024
The Impact of Diabetes on Kidney Health: Diabetic Nephropathy ExplainedApril 23, 2024
Toddler Hospitalized After Consuming Expired Chocolates: Health Concerns RaisedApril 23, 2024
After months of diagnostic delay, a migrant worker could access TB services only when a community health worker met himApril 22, 2024
Indian Spices Contaminated with Cancer-Causing Chemical: Hong Kong Food Regulators Issue WarningApril 22, 2024
FTCCI organised a Workshop on Rooftop Kitchen GardeningApril 20, 2024
Children in Cities Exposed to Elevated Lead Levels: Study Reveals Urgent Health ConcernApril 20, 2024
Biocon Ventures into Weight-Loss Drug Market with Semaglutide DevelopmentApril 20, 2024
Innovative AI Assistance Empowers Moscow Doctors to Detect Cervical Spine Issues through MRI ScansApril 20, 2024
Air India Express ties up with AISATS for AeroWash Automated Aircraft Exterior Cleanings April 19, 2024
IndoSup raises strategic funding led by CCI group promoters Naresh Sharma and Satish Sharma; investors include Yatra.com’s Rohan Mittal April 19, 2024