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GOQii raises $50M in Series C round
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GOQii raises $50M in Series C round

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The health tech startup will expand its offerings as it moves towards connected fitness & digital therapeutics

GOQii, a fitness technology company, has raised $50 million in a Series C funding round and has been named Fit India Movement’s first official partner.

GOQii-Logo

Looking ahead, the fit tech company is focusing on preventative healthcare as it moves towards connected fitness. 

“From a 2022 perspective you will see GOQii expand into the connected fitness and healthcare ecosystem. In the connected health domain, we have partnered with Ascensia and we are launching their glucometer on GOQii. So essentially a glucometer that is connected back to the GOQii ecosystem. We have also partnered with Abbott for their continuous glucose monitoring with Freestyle Libre. We are in talks with certain blood pressure monitors too. So these are all physical health devices that will integrate with the GOQii ecosystem,” GOQii founder and CEO Vishal Gondal told BusinessToday.In.

The funding round was led by Sumeru Ventures.

According to GOQii, the funding will be used to expand its current offerings, which include a wearable fitness tracker, an app, and a health store. It will also provide real-time coaching and expand digital therapeutics in areas such as diabetes, women’s health, and radiology.

GOQii intends to launch an insurance product that rewards users for leading healthy lifestyles, as well as international offerings focused on preventative healthcare.

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“We are delighted to onboard Sumeru Ventures and all other investors. GOQii has been a pioneer in the connected health ecosystem in India. We are strong believers in the positive impact preventive healthcare technology can create in the lives of millions of people in India and globally. This funding round would help GOQii not only strengthen its current offerings but also expand in insurance, digital therapeutics and international markets, where the foundation has already been built by us over the years,” says Gondal.

Last year, GOQii brought on Rohit Pareek, a senior investment banker, as CFO and Head Corporate Development.

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