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2015-07-06

GOQii Technologies raises fund from Paytm's Founder

Fitness-tracker start-up GOQii Technologies has received an undisclosed investment amount from Paytm founder and CEO

Fitness-tracker start-up GOQii Technologies has received an undisclosed investment amount from  Paytm founder and CEO Vijay Shekhar Sharma ahead of the first institutional funding it expects to raise this year.  GOQii, founded by angel investor and former India games CEO Vishal Gondal was incorporated in 2013.GOQii Technologies is a wholly owned subsidiary of US based GOQii.

Vishal Gondaal, Founder and CEO, GOQii Technologies  said, “ It is a joyous moment for us as we welcome Vijay on board. We are sure this collective partnership will further help accelerate our vision to build a healthier  ecosystem.”  He further added,  With the Coach Marketplace model we intend to have 1000 coaches on board by the end of this year offering the customers  an opportunity to choose who they want to be coached by. We are happy to have celebrated coaches like Satya who is an independent coach and is witnessing a strong demand from our users for his services.”

GOQii focuses on sustained engagement & goal reinforcement and offers a complete ecosystem as a single integrated solution, which is a powerful combination of technology and human connection. GOQii is a collaboration of some of the world’s leading experts and an amazing management team who are driven by a passion for healthy sustainable living, and who believe that all of us contain boundless potential. GOQii’s goal is to enable millions of people across the world to “be the force” by helping them to unleash their untapped potential.

On investing in his personal capacity Sharma said, "Wearables is a piping hot sector both globally and in India. Juniper Research estimates global shipments in wearables to increase to 150 million units by 2018. Add to that the health and fitness segment and we are looking at a massive  opportunity. GOQii with its combination of technology, world's leading experts, coaches and karma points on a single platform is uniquely positioned to lead in it. 

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