Ratan Tata has invested in virtual fitness training platform, GOQii. The size of the funding was however not disclosed.
GOQii CEO and founder Vishal Gondal said, “With the recent developments and tie-ups on the platform, the investment from 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.”
Virtual fitness coaching platform GOQii was founded in February 2014 by former Indiagames CEO Vishal Gondal, GOQii, a smart wearable helps in tracking your steps, sleep, and any physical activity.
The company’s app can integrate with 35 major fitness bands including Jawbone, Fitbit, Garmin, Moov, Misfit, and Sony. Users have to decide on a goal and choose a coach to guide them on the application.
Tata, Chairman emeritus of Tata Sons, has invested in a number of Indian and global startups in his personal capacity as well as through RNT Associates, a platform for several Ratan Tata’s initiatives and companies.
The company has recently launched a new fitness band and aims at integrating doctors and health services as part of its plans to establish itself as a preventive healthcare company. It had partnered Max Healthcare as its hospital and medical partner and Thyrocare as its diagnostic partner to help its users book diagnostic appointments and consultations