Ratan Tata Invests In Wearables Firm GOQii

goqii_logoFitness band and solutions firm Goqii Monday said it has raised some funds from former Tata Group Chairman Ratan N Tata, however the company did not disclose the amount of money raised.

GOQii, according to IDC, is the world’s leading virtual fitness coaching platform that was recently announced #1 in the wearables in India surpassing Xiaomi and Fitbit.

“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,” said Vishal Gondal, CEO and Founder, GOQii.

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.

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