Funding Alert
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.
Also Read
-
-
Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
Follow Startup Story
