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GOQii Raises Fresh Funds in Series B Funding Round

GOQii raises Rs. 212 crores

GoQii, a Mumbai-based wearable tech startup has secured around Rs. 212 crores in a fresh funding round. The funding round was led by Japan’s Mitsui & Co., according to a report by Economic Times.

Other investors to participate in the funding round include Galaxy Digital (a crypto investment firm), Denlow Investment Trust, and existing investors like NEA, DSG Consumer Partners, Cheetah Mobile, Paytm, Tata Group Chairman Ratan Tata, and Edelweiss Financial Services.

The startup is planning to expand into the international market with the newly acquired funds, in the coming 12 to 18 months. The money will be utilized for marketing and talent acquisition purposes, and also for strengthening its artificial intelligence and data analytics platform so as to provide a holistic view of the health of a user.

Founded in the year 2014, by the Vishal Gondal, GoQii provides a comprehensive wellness and digital health solution. It offers a complete ecosystem that includes an app, a smart health band, and a care team comprising a doctor, a personal coach, and experts, in order to facilitate a permanent shift to a healthier lifestyle.

COO of the Healthcare and Service Business Unit of Mitsui, Koji Nagatomi said, “GOQii’s product offering is highly complementary to our portfolio of healthcare investments in India and Globally and we see several areas of immediate collaboration between us and GOQii. We also see a strong potential for GOQii to enter the Japanese market and are ready to help GOQii achieve its vision and ambitions.”

Picture Credits: GOQii

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