GOQii, a wearable fitness technology start-up venture based in Mumbai, has received an unmentioned amount of finance from Bollywood’s popular actor Akshay Kumar as a part of the firm’s current Series C round of funding.
The news about the investment was confirmed by CEO and founder of GOQii, Vishal Gondal, who also said that the superstar has joined the firm as an investor and strategic advisor. The firm has raised around $43 million from its investors like DSG Consumer Partners, Edelweiss Financial Services, NEA, Cheetah Mobile, Mitsui & Co and more. However, he refused to share further details regarding the ongoing funding round.
GOQii, which was founded in the year 2014, develops smart wearables which help monitor their sleep, steps as well as other forms of physical activities. It offers preventive health ecosystem combines tools for a high growth health e-commerce store, health locker as well as scheduling health check-ups. Besides, there’s also a programme called ‘GOQii Cash’ where insurance discounts or cash discounts are given for healthy behaviour depending on the health management report.
Having a user-based of nearly 2.7 million currently, GOQii aims to expand to 10 million users by end of fiscal year 2020. As per sources, the company is in talks with several other investors in order to further raise its equity financing.