Corporate Updates

Fitness startup GOQii raises Rs 13.81 Cr from parent entity

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GOQii healthcare startup

GOQii, a healthcare startup which deals in wearable technology has secured funding of worth Rs 13.81 crore from its parent entity.

According to RoC filings, the Mumbai and Palo Alto-based startup

raised this investment by issuing 6183 equity shares costing Rs 8,535 per share from its parent entity Goqii inc on July 19.

Last month fitness freak and Bollywood actor Akshay Kumar had invested an undisclosed amount as part of Series C funding in GOQii. The actor joined the company’s board as the strategic advisor, partner, and brand ambassador.

Earlier in November 2018, the startup secured $30 million funding in Series B round led by Mitsui, a Japanese conglomerate and an active healthcare investor.

Started out as a healthcare focussed wristband seller in 2014, GOQii encourages consumers globally to lead healthier and better lives. It offers a gamut of fitness products under its wearable fitness band.

In March the company launched GOQii Play that has a wide range of fitness workouts, marathon training coaching and talk shows on diverse topics such as mental and emotional health, parenting, sexual health, lifestyle disease management and more.

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