Paytm founder and CEO Vijay Shekhar Sharma has invested an undisclosed amount in a wearble startup GOQii Technologies. GoQii offers fitness-tracker solutions, wearable device and mobile app and is based out of California and Mumbai. The investment comes ahead of the first institutional funding the startup expects to raise this year.
Founded in 2013 by angel investor and former Indiagames CEO Vishal Gondal, GOQii Technologies is a wholly owned subsidiary of US-based GOQii.
The startup with its combination of technology (app & wearable band), experts and coaches on a single platform is uniquely positioned to lead in it.
GOQii’s application also integrates with 35 major fitness bands including Jawbone, Fitbit, Garmin, Moov, Misfit and Sony. Users have to decide on a goal and chose a coach to guide them on the application.
With this latest investment Sharma has become one of more than 20 angel investors who have put money into the fitness application startup.
GOQii is backed by leading angel investors: Amit Singhal (Google), Anil Godhwani (Habitera), Bharat Vasan (MyBasis), Dr. Shriram Nene, Esther Dyson, Goutam Godhwani (Simply Hired), Kanwaljit Bombra (Dell), Madhuri Dixit-Nene (Bollywood Actress), Mahesh Samat (Epic), Mike McNamara (Flextronics), Prashant Gulati(TiE), Sanjay Parthasarthy (Indix), Sanjay Vaswani, Steve Luczo (Segate), Taher Khorakiwala and Vijay Vashee (Microsoft).