Ratan Tata invests in GOQii

GOQii, one of the world’s leading virtual fitness coaching platform, has received an undisclosed amount of funding from former Tata Sons chairman emeritus Ratan N Tata.

Ratan Tata 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 initiatives and companies.

Headquartered in California, with offices in Mumbai and Shenzhen, GOQii is dedicated to enabling a permanent shift to a healthier lifestyle with the combination of advanced wearable technology, the world’s leading experts.

According to the recent IDC report on the wearables market in India, GOQii has been ranked number one with a market share of 16.1% in Q2 of 2016. It had earlier raised $13.4 million in a Series A funding in November 2015.

“With the recent developments and tie-ups on the platform, the investment from Ratan Tata is a testimony to us being a defining player of services in our category making long-term impact in people’s life,” GOQii chief executive officer and founder Vishal Gondal said.

“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,” Gondal added.