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GOQii Raises $50 Million In Series C Funding

GOQii Funding

GOQii Management Team Post Pandemic

GOQii raises $50 million Series C Funding from Sumeru Ventures, Modality and others for expansion across insurance, digital therapeutics and international markets

  • Funding raised across equity preference share, notes & debt
  • Funding to grow the insurance and digital therapeutics vertical in India
  • Funding to also expand in international markets

GOQii Inc announced its Series C funding round of $50 million led by Sumeru Ventures. GOQii is a smart tech-enabled healthcare platform that brings together the entire preventive healthcare ecosystem to its users. GOQii’s offerings include fitness trackers, app, coaching, a health store, insurance and many others. GOQii strongly believes that preventive healthcare is the only viable, long-term, mass-market solution, not only in India but around the world.

The company has raised funding across equity, preference shares, notes and debt. The equity round was led by Sumeru Ventures. Sumeru Ventures is a global fund with a focus on next generation technology areas.

Modality (Digality), an award winning provider of primary health care and community services across the UK, also participated. Other investors included 9 Unicorns, Venture Catalysts, funds advised by MegaDelta, Mitsui, The Times Group, Ascendo, Akbar Khan and Sanjay Narang. The venture debt funding was led by Blacksoil Capital and Trifecta Capital.

GOQii’s existing investors include Mitsui, funds advised by MegaDelta, DSG Consumer Partners, Galaxy Digital, Denlow Investment Trust, Edelweiss, Cheetah Mobile, GWC, Mr. Ratan Tata, Mr. Vijay Shekhar Sharma, Mr. Pravin Gandhi, Mr. Amit Singhal.

Vishal Gondal, Founder and CEO, said “We are delighted to onboard Sumeru Ventures and all other investors. GOQii has been a pioneer in the connected health ecosystem in India. We are strong believers in the positive impact preventive healthcare technology can create in the lives of millions of people in India and globally. This funding round would help GOQii not only strengthen its current offerings but also expand in insurance, digital therapeutics and international markets, where the foundation has already been built by us over the years.”

Saumen Chakraborty, Managing Director at Sumeru Venture, commented on the transaction “We are delighted to invest in GOQii and join this shared journey of positive impact making. Health is a fundamental need which can not be met with the traditional curative infrastructure alone. GOQii has been a significant contributor to the preventive healthcare ecosystem in India. We are confident that this funding round would help GOQii scale it to further heights.”

GOQii recently also made senior level additions to its team. Last year it hired Rohit Pareek, a senior investment banker, as CFO and Head Corporate Development. Rohit has previously worked with Jefferies, JM Financial and The Times Group.

GOQii has been at the forefront of creating awareness about preventive healthcare in India. GOQii has been the first official partner of the Fit India Movement. GOQii’s solutions have benefited millions of customers to manage as well as avoid chronic health conditions by inculcating healthy lifestyle changes.

GOQii would use the funding to grow the insurance and digital therapeutics vertical in India. The solutions would be first of its kind offerings taking the benefits of digital health to a large section of the population. The insurance product would reward users for healthy behaviour by way of a health insurance. GOQii is also targeting several therapeutic areas across diabetes, women’s health, radiology, etc. through its digital therapeutics offerings.

GOQii is also set to launch its international offerings focusing on various solutions around preventive healthcare.

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Sandeep Gupta Beats Acidity & Gets Healthier With GOQii

Sandeep Gupta

Sandeep Gupta is 55 years old and is a businessman who renders services to the Ministry of Defense. He was overweight at 86kg and suffered a lot from gastric and chest pain. This continued for 5 years and he was on medication as well. However, in the past 6 months, some positive changes have helped him lose 9kg and take control of his life and health. So what happened in the last months? 

Before Joining GOQii 

Before he came onboard GOQii, Sandeep Gupta used a smart watch which he says didn’t help much. There was no guidance and he would exercise a little. Since his work involved travel, he had no control of his diet, he used to eat out most of the time and that caused persistent acidity issues. He had to take an antacid daily. 

To add to this, he also suffered from allergy issues for which he had to take anti-allergy medication. He says he was at least 9-10kg overweight. 

Around May 2021, he came across GOQii on the internet and bought a tracker with a 3 month personal health coaching subscription. He got a coach to guide him on a daily basis. He says, “It was pleasant to have a coach guide me on my diet and exercise”. 

Making Lifestyle Changes With GOQii  

He had his first intro call with his GOQii Coach and explained his issues to her. He says, “My GOQii Coach understood my issues and slowly started making changes. First was to improve water intake from 1L to 2-2.5L. This was to better digestion, prevent toxin build up and stomach inflammation. Then the coach slowly brought about dietary changes.” 

Salads and fruits became a part of his regular diet and he started eating at proper intervals. These habits helped him a lot and he did not experience acidity issues anymore. His energy levels also improved. 

His antacid medication was reduced to once a week. Gradually, more healthy habits such as beginning the day with a fruit, lemon water post meals and Surya Namaskars were introduced. His acidity issues improved to 80%. For further improvement and to support fat loss, regular tea was replaced with ginger tea. 

He was also introduced to strengthening exercises along with daily walks and cycling on alternate days. 30 minutes of exercise either in the morning or evening became mandatory. Thanks to these changes, in the last 6 months he lost 9kg and his current weight stands at 77kg. 

He says that, “My GOQii Coach’s guidance has come as a boon to me. My wife was worried prior to me joining GOQii, as she was concerned about how I am going to deal and get over my gastric and acidity issues. But now, she finds that I am more relaxed and doing much better. My family has also started benefiting and they are taking health seriously as well. It’s a ripple positive effect that has trickled down to the family. As a head of the family I feel proud that I am able to set an example for my family to lead a healthy lifestyle. Simply eating right and exercising daily can make so much of a difference to one’s life. It’s just amazing!” 

What Does His GOQii Coach Have To Say About His Transformation? 

Sandeep Gupta joined GOQii in May 2021. Since his work involved lots of travelling, it led to eating the wrong foods at the wrong time, which caused persistent acidity issues for which he had to take antacid medication. 

To add to it, he also had allergy issues and was on medication for the same. Other medical issues involved low blood pressure and a history of epilepsy, for which he had stopped medication 4-5 years ago. He was also at least 9-10kg overweight.

After completing our Intro call, the first step was to gradually improve his water intake. Next was to replace the intake of packaged/processed food, which are harmful for managing acidity due to their sugar, trans fat and refined carb content. They were replaced with roasted snacks. 

To alkalinize the system, also for fat loss, I asked him to add salads to his diet. This intervention led to a 50% decrease in acidity and reduced frequency of antacid to once a week. His energy levels improved after 2-3 weeks. Currently, he has reached his ideal weight and is healthier and happy! 

We hope Sandeep Gupta’s journey inspires you to make a lifestyle change. Do you also suffer from acidity issues? Want to get healthier? Sign up for GOQii’s personal health coaching and speak to a certified GOQii Coach now: https://goqiiapp.page.link/bsr 

To read more inspiring stories about transformation and forming healthy habits, check out Healthy Reads. 

#BeTheForce 

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Benefits Of Participating In The GOQii Corporate Challenge

GOQii Corporate Challenge

We have already spoken about why Corporations need to Reimagine Corporate Wellness to improve health, build team spirit and morale after their employees have spent months working from home.

The GOQii Corporate Challenge, a 60 day inter-corporate challenge, where corporations can get their employees to participate on an individual, team and corporate level, can certainly ensure employee engagement and help them bond, beyond work, over a mutual goal. 

How Can The GOQii Corporate Challenge Benefit A Corporation? 

As the challenge consists of a 30 day steps challenge, daily social media spot challenges as well as daily workout, meditation and health talk sessions, it can impact your employees and business in more ways than one! 

  1. Individual Benefits: As your employees participate in the challenge, they will begin to form certain healthy habits like taking frequent walks (walking being the best form of exercise), eating right and meditating to name a few. Forming these healthy habits will help them focus better and remain stress-free. With guidance from our certified experts, they can form healthy habits which will reflect in their work as well. 
  2. Team Benefits: A healthy competition never hurts anybody! You won’t just be competing against other corporates but even within your own teams for prizes. This can help your employees motivate each other to complete steps, participate in spot challenges and claim rewards, building team spirit, coordination and morale – something that will positively impact their professional lives as well. 
  3. Organization Benefits: As a whole, healthier employees means less absenteeism which in turn means more productivity! This challenge will also help you reduce cost to the company as the entire challenge is online and there needs to be no additional costs for external trainers or booking an off-site location for an event. With GOQii’s tech and certified trainers, you can get healthier right where you are! 

Currently, we have approximately 20k+ employees over 25 organizations such as Bajaj Allianz, HDFC Life, Wipro, Philips Lighting, Times Group, Tata Sky, Max Bupa, HPCL, Indus Towers and more that have signed up for the GOQii Corporate Challenge. Sign up your organization now and know more about this inter-corporate challenge by visiting: https://gcc.goqii.com/ 

Registrations open today!

#BeTheForce 

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Rahul Pandit Gets Off Medication & Gets Healthier With GOQii

Rahul Pandit

Being healthy involves a lot of factors other than just exercise. You need to watch what you eat, get quality sleep and manage stress effectively as well. These pillars are essential towards leading a healthy life. Our Player Rahul Pandit learned this when he joined GOQii. 

Life Before GOQii 

Rahul Pandit is a 30 year old working professional. While he had the necessary knowledge on exercise and how to keep his body in shape, he didn’t have the right knowledge on maintaining a healthy diet which led to issues such as weight gain. 

Weighing around 80kg, he was exercising regularly but at the same time, he suffered from hyperacidity. Every time he felt uncomfortable with acidity, he visited a doctor and was given medicines for reducing acidity but this fix was only temporary. He says that, “No doctor tells you how to take care of yourself. My eating habits were also wrong. I used to eat at odd hours and have long gaps between meals. I used to eat lots of junk food!”  

Making a Positive Lifestyle Change With The Right Guidance

After watching a GOQii advertisement featuring our brand ambassador Akshay Kumar, Rahul Pandit was inspired to rectify his health. He bought a GOQii tracker with a 3 months personal coaching subscription which changed his life. 

After interacting with his GOQii Coach, he realized what his routine lacked. His coach began introducing new habits to his list which included: 

  • Consuming lukewarm water with Saunf and Ajwain Seeds
  • Eating at regular intervals while keeping an eye on portion size
  • Breakfast was compulsory 
  • Fixing meal timings
  • Eating evening snacks 
  • Eating an early dinner 

These small habit changes did wonders for Rahul. He says that, “These habit additions and getting over old habits have been good for me”. 

With regards to fitness, he had to cut down on fat – so his meals were low on calories, low on carbs and protein was just as much as his body required. Earlier, he wasn’t aware of how much protein he should consume but got some clarity after speaking to his GOQii Coach. 

As of now, Rahul Pandit is free of hyperacidity. He manages his stress well and his body is more toned, minus the fat layers on his stomach area. After almost 2 years, he is off medication and is getting healthier day by day. 

What Does His GOQii Coach Have To Say? 

Rahul Pandit has been with us for almost 2 years. When he joined GOQii, he wanted to be fit and healthy but was dealing with hyperacidity. Thanks to his focus, dedication and being true to himself, he has come a long way. 

He now has no acidity, is off medication and is focusing on getting healthier. Certain habits which we worked on together and got results included: 

  • For acidity, Ajwain and Saunf water helped 
  • Replaced refined flours to whole grains
  • Acidity was being triggered by junk food and regular bakery products. So, Instead of having biscuits in the evening, he was now having fruits, sprouts or coconut water
  • Did Sugar Detox for a week
  • He also suffered from disturbed sleep. To improve sleep quality, we introduced the 4-6-8 pattern of breathing which helped. Also, no Gadgets close to bedtime
  • Different type of workouts were also introduced gradually to help him build endurance and stamina

The best thing about him is that he believes in a holistic, 360 degree approach to health and lifestyle. Shortcuts are not for him! Few months back he went to Leh Ladakh, where he did very difficult treks back to back for 3-4 days, covering 15-20 kms daily in that kind of altitude. This speaks volumes about his health, dedication and approach to lifestyle! 

Does this story inspire you? Do you face similar issues? Get the right advice, guidance and motivation from a GOQii Coach by subscribing for personalized coaching here: https://goqiiapp.page.link/bsr 

To see how others have benefitted from using GOQii, read more user stories on Healthy Reads. 

#BeTheForce

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