GOQii raise $50 Mn in Series C round

GOQii, a tech-enabled healthcare platform, has raised $50 million in its Series C round led by Sumeru Ventures.

The round saw participation from existing investors Mitsui, funds advised by MegaDelta, DSG Consumer Partners, Galaxy Digital, Denlow Investment Trust, Edelweiss, Cheetah Mobile, GWC, Ratan Tata, Vijay Shekhar Sharma among others.

The funding proceeds will be used to grow the insurance and digital therapeutics vertical in India, GOQii said.

Founded by Vishal Gondal in 2014, wearable fitness bands, personal coaching, and diagnostics are among the services offered by GOQii. Gondal has previously served as a managing director at The Walt Disney Company.

GOQii further plans to target therapeutic areas across diabetes, women's health, radiology through its digital therapeutics’ offerings. The company is also looking to launch its international offerings focusing on solutions around preventive healthcare.

Earlier GOQii raised an undisclosed sum in November 2018 in a round led by Mitsui. In 2019, actor Akshay Kumar invested an undisclosed amount as part of the Series C funding round.