GOQii raises undisclosed amount of funding from Ratan N. Tata

GOQii, the world’s leading virtual fitness coaching platform that was recently announced #1 in the wearables in India has received an undisclosed amount of funding from Ratan N. Tata.

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.”

Ratan Tata, Chairman emeritus of Tata Sons, has invested in a number of Indian and global start-ups in his personal capacity as well as through RNT Associates, a platform for several Ratan Tata initiatives and companies.

According to the recent IDC report on the Indian wearable market, GOQii has been ranked number one with a market share of 16.1% s in Q2 2016. GOQii also earlier raised USD 13.4 million in a Series ‘A’ funding in November 2015.