Adding one more startup to his investment list, Ratan Tata has invested in wearable device maker and virtual fitness coaching platform, GOQii. The size of the funding was however not disclosed.
GOQii, which currently leads the Indian wearables market, is backed by angel investors like PayTM’s Vijay Shekhar Sharma, Shriram Nene and his wife and Bollywood actress Madhuri Dixit Nene, and Neeraj Arora (WhatsApp).
Speaking on the occasion, Vishal Gondal, CEO and Founder, GOQii said, “This is extremely overwhelming and a special moment for all of us at GOQii. With the recent developments and tie-ups on the platform, the investment from Mr. Tata is a testimony to us being a defining player of services in our category making long-term impact in people’s life. We feel honored and it further boosts our confidence to accelerate the pace of our growth. We will ensure that GOQii reaches new heights in the healthcare space in India.”
Prior to this funding, GOQii had raised USD 13.4 million in a series A funding led by NEA and China’s Cheetah Mobile, in November 2015
Ratan Tata has invested in a number of Indian and global startups like Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi, Ola, DogSpot.in, Tracxn, CashKaro, FirstCry and Teabox among others. He has invested in these startups in his personal capacity as well as through RNT Associates, a platform for several Ratan Tata’s initiatives and companies.
Founded by Vishal Gondal, the former CEO & Founder of Indiagames, GOQii is headquartered in California, US with offices in Mumbai, India and Shenzhen, China. GOQii became commercially available in India in August 2014 and plans to expand its services to the Middle East, the United States, and Singapore.