Palo Alto and Mumbai based wearables technology startup GOQii has now secured INR 45 crore from the Bennett Coleman and Company Limited said the announcement.
As per the report, the company has issued warrants which have been priced at the cost of INR 9.1 crore each, along with one equity share of INR 8525, which takes its total funding to INR 45.50 crore.
In the month of July this year, GOQii raised INR 13.81 crore from its parent company. In June 2019, Akshay Kumar had invested an undisclosed amount of funding as a part of Series C funding and joined GOQii board as one of the strategic partners, and a brand ambassador.
The firm also looks to scale its recently launched over the top platform GOQii play that has several marathon training coaching, fitness workouts and talk shows on diverse topics such as the emotional health, mental health, sexual health, parenting, lifestyle disease management and more.
The platform has live shown on more than 15 different fitness workouts, which is ranging from functioning training and pure fitness to pilates, belly dance fitness, yoga, Zumba, piloxing, and more. Its content is available in Telugu, English, Hindi and more of the local languages are in the pipeline.
In the month of November 2018, it also secured $30 Million in the funding round of Series B led by the Mitsui, which is a Japanese conglomerate and an active healthcare investor.
The company which is founded in 2014 by the Vishal Gondal, GOQii wearables fitness band helps people to track their sleep, steps, and some other physical activities and even aims to make their lives happier and healthier. It also counts the investors like the DSG Consumers Partners, Denlow Investment, Ratan Tata, Vijay Shekhar Sharma, Edelweiss, Cheetah Mobile, Galaxy digital, NEA, Megadelta.