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HomeInsightFunding Alert Healthcare startup GOQii raises $50 mn led by Sumeru Ventures

[Funding alert] Healthcare startup GOQii raises $50 mn led by Sumeru Ventures

Healthcare startup GOQii
Healthcare startup GOQii

Healthcare startup Goqii has raised $50 million (Rs 375 crore) in its Series-C funding round led by Sumeru Ventures. The company has raised funding across equity, preference shares, notes and debt. The equity round was led by Sumeru Ventures and the venture debt funding was led by Blacksoil Capital and Trifecta Capital.

Existing investors including Mitsui, funds advised by MegaDelta, DSG Consumer Partners, Galaxy Digital, Denlow Investment Trust, Edelweiss, Cheetah Mobile, GWC, Ratan Tata, Vijay Shekhar Sharma & others also participated in this funding round.

GOQii is a smart tech-enabled healthcare platform that brings together the entire preventive healthcare ecosystem to its users. GOQii’s offerings include fitness trackers, app, coaching, a health store, insurance and many others. GOQii strongly believes that preventive healthcare is the only viable, long-term, mass-market solution, not only in India but around the world.

Vishal Gondal, Founder and CEO, said “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.”

Healthcare startup GOQii has been at the forefront of creating awareness about preventive healthcare in India. GOQii has been the first official partner of the Fit India Movement. GOQii’s solutions have benefited millions of customers to manage as well as avoid chronic health conditions by inculcating healthy lifestyle changes.

Saumen Chakraborty, Managing Director at Sumeru Venture, commented on the transaction “We are delighted to invest in GOQii and join this shared journey of positive impact making. Health is a fundamental need which can not be met with the traditional curative infrastructure alone. GOQii has been a significant contributor to the preventive healthcare ecosystem in India. We are confident that this funding round would help GOQii scale it to further heights.”

Healthcare startup GOQii is also set to launch its international offerings focusing on various solutions around preventive healthcare.

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