Wearable technology startup GOQii is planning to raise $20 million for global expansion in US and Middle East.
California based wearable technology startup GOQii is planning to raise $20 million for global expansion in US and Middle East. The venture is founded by an Indian serial entrepreneur and angel investor Vishal Gondal.
GOQii is headquartered in California with offices in Mumbai and Shenzhen. It is dedicated to enabling a permanent shift to a healthier lifestyle with the combination of advanced wearable technology, the world's leading experts, coaches and karma.
"GOQii launched commercial operations in India mid-last year, and has close to 10,000 paying users in less than a year. It is expanding operations to the US, South East Asia and Middle East markets in Q1 2015," said the press statement.
GOQii is backed by leading angel investors: Amit Singhal (Google), Dr. Shriram Nene, Esther Dyson, Kanwaljit Bombra (Dell), Madhuri Dixit-Nene (Bollywood Actress), Mahesh Samat (Epic), Prashant Gulati(TiE), Sanjay Vaswani, Steve Luczo (Segate), Taher Khorakiwala, Neeraj Arora (WhatsApp), Marco Argenti (Amazon), Rajan Anandan (Google), S. Somasager (Microsoft) ,Vijay Vashee (Microsoft) and many more.
Vishal Gondal, GOQii's founder and CEO, "Fitness and awareness towards health & wellness is gaining momentum globally. It started in the West a few years back but is gaining significant traction in India too. Technology coupled with coaching is empowering people to stay fit and overcome the traditional hurdles of time of day or location. Add to that the opportunity to do good Karma for society and we are seeing a different level of motivation among GOQii users."
GOQii has integrated with Fitbit, Jawbone, Misfit Shine, Runkeeper, Strava, MapMyFitness, Garmin, Nike and other popular fitness bands and devices. GOQii is also going to be integrated with the Apple iHealth platform and Apple Watch.