Goqii, a health tech business, has raised $50 million in funding to enhance its capabilities and grow globally

• ByStartupStory     |    February 18, 2022

Sumeru Ventures led a $50 million (Rs 375 crore) Series-C fundraising round for health tech firm Goqii. According to the firm, the transaction included a combination of stock, including preference shares, and debt investments.

The funds will be used to improve Goqii’s current products, which include a wearable fitness tracker, an app, a health shop, as well as real-time coaching and insurance services, according to the business. The cash will also be used to expand in areas including insurance, digital treatments, and overseas markets.

Modality (Digality), a UK primary health care and community services provider, venture capital funds such as 9 Unicorns and Venture Catalysts, funds advised by MegaDelta, Mitsui, The Times Group, Ascendo, Rain Instant Pay chief executive Akbar Khan, and oil and gas executive Sanjay Narang were among the other investors in the round.

Blacksoil Capital and Trifecta Capital led the venture debt financing.

Apart from its present products, Goqii, founded in 2014 by Vishal Gondal, is targeting therapeutic areas such as diabetes, women’s health, and radiology.

Goqii plans to introduce worldwide services concentrating on various preventative healthcare solutions, according to Gondal, who is also the company’s CEO.

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