GOQii, a smart tech-enabled healthcare platform in India, has raised an undisclosed sum in Series B round of funding, led by Mitsui & Co., a Japanese business conglomerate and active global healthcare investor.
Several new investors including New York-based blockchain merchant bank Galaxy Digital, which invests via its Galaxy EOS VC Fund, as well as Denlow Investment Trust, a leading LP in several consumer and tech focused funds globally, also co-invested.
The funds will be used for talent and headcount addition, marketing and geographical expansion. The company will further strengthen its Big Data analytics and Artificial Intelligence platform to drive actionable insights and to provide holistic view of a user’s health.
Founded in 2014 by serial entrepreneur Vishal Gondal, the GOQii platform brings together the preventive healthcare ecosystem, including tools for real-time personalised coaching and scheduling health check-ups, a health e-commerce store, a health locker, and a ‘GOQii Cash’ programme where healthy behaviour is rewarded with cash discounts.
Headquartered in Mumbai, GOQii offers a combination of advanced wearable technology, and experts, coaches, doctors and karma. GOQii focuses on sustained engagement and goal reinforcement, and offers an ecosystem as a single integrated solution.
Vishal Gondal, CEO of GOQii, said: “We have spent the last few years in validating our platform and forging partnerships with global insurance and healthcare providers. There are several areas of potential collaboration (with Mitsui) and our respective teams will drive an aggressive roadmap to deliver our goal of reimagining healthcare globally. Along with the power of Mitsui, our goal is to be the dominant healthcare platform for millions of users globally and empower them with better lifestyle and healthcare solutions and be the force of good.”
Koji Nagatomi, COO of the Healthcare & Service Business Unit of Mitsui, said: “GOQii’s product offering is highly complementary to our portfolio of healthcare investments in India and globally and we see several areas of immediate collaboration between us and GOQii. As healthcare systems evolve across the globe, addition of an online preventive healthcare platform, ensures that Mitsui is present across the healthcare value chain.”
“We also see a strong potential for GOQii to enter the Japanese market and are ready to help GOQii achieve its vision and ambitions. Mitsui is keen to develop new business and services in the Japanese preventive healthcare sector with the aim of providing further solutions to the evolving issues of today’s Japanese society. Upon GOQii’s entry into the Japanese market, we will seek cooperation between GOQii and our affiliated companies to realise our ambitions,” Nagatomi added.