GOQii | Pixr8 News

1Dec By Gauri SinghNo Comments

FUNDING

Top Five Funding of the Week (26th Nov – 1st Dec)

Funding is a very important part of business and without funding, it is quite difficult for startups to grow. Funding provides the base to startups. This week, we saw various funding activities, out of which the maximum funds were raised by an insurance company. The maximum funds raised were $200 million. Let us now have a full view of the important and the top five funding activities of the week. 1) Bright Health Minneapolis-headquartered insurance startup Bright Health has raised funds amounting to $200 million in Series C funding round. The round was led by Tom Valdivia, a former Definity Health executive. The valuation of the company, following the round has reached at $950 million. New investors Declaration Partners and Meritech Capital participated in ...

26Nov By Gauri SinghNo Comments

FUNDING

Tech Firm GOQii Raises $30 million in Equity Funding Round

GOQii Inc, a wearable devices maker has reportedly raised an amount of $30 million (about Rs 212 crore) in its latest equity financing round. The company is based in Menlo Park and Mumbai and is looking to enter into the overseas markets over the next 12-18 months. The funding was led by Japanese conglomerate Mitsui & Co. The particular round also saw participation from crypto investment firm Galaxy Digital and Denlow Investment Trust. Following this funding round, the valuation of the four-year-old startup has reached $100-125 million. Existing investors DSG Consumer Partners, NEA, Edelweiss Financial Services and Cheetah Mobile also participated in the financing round. Also, businessmen like Paytm founder Vijay Shekhar Sharma and Tata Group chairman emeritus Ratan Tata also par...

Ratan Tata Fosters Another Startup, Invests in Fitness Band GOQii

3Oct By Press Trust of IndiaNo Comments

FUNDING

Ratan Tata Fosters Another Startup, Invests in Fitness Band GOQii

Adding one more to his startup funding list, leading industrialist and serial investor Ratan Tata has invested in virtual fitness coaching platform, GOQii. The size of the funding was however not disclosed. The company, which is a leading player in the Indian wearables market, is backed by angel investors like Shriram Nene and his wife and Bollywood actress Madhuri Dixit Nene and Neeraj Arora (WhatsApp). It offers a fitness tracker band coupled with a personal coach. The US-based company had earlier raised USD 13.4 million in a series A funding in November 2015. "With the recent developments and tie-ups on the platform, the investment from Tata is a testimony to us being a defining player of services in our category making long-term impact in people's life," GOQii CEO and founder ...

5Jun By AdityaNo Comments

ANALYSIS

Nearly 3000 Fitness Apps Aren’t Science-Based – Study

You may be wasting your time fighting those extra kilos with fitness apps as according to a recent study, many of them lack certified content-expertise or evidence of effectiveness. Overweight and obese people are turning to a multitude of smartphone apps to help them lose weight, but this study said that only 17 (0.5 percent) of the apps identified by the researchers have been developed by a certified health organisation or university. Also, there is no published evidence of the effectiveness for weight-loss or weight-gain prevention apps. Overweight and obesity is a major health challenge worldwide, demanding new, cost-effective approaches for life-long treatment and prevention. The mobile 'app' technology revolution offers new potential approaches for receptive, younger, people, w...

Amit Singhal “Father of Google Ranking Algorithm” Joining GOQii Board of Directors

8Apr By AdityaNo Comments

News

Amit Singhal “Father of Google Ranking Algorithm” Joining GOQii Board of Directors

New Delhi (April 8, 2016) - GOQii, a digital health and wellness solution integrating personal coaching with wearable analytics, today announced it has named former Google executive Amit Singhal to its Board of Directors, his first role since leaving his position as Head of Google search. Amit brings more than 20 years of invaluable consumer and business expertise to GOQii and will help guide its expansion into new global markets, the first of which will be the U.S. Amit is widely respected in the tech industry for the ground-breaking advancements he made during his time at Google and other companies. “It’s an exciting time to be at GOQii and we are thrilled to have Amit join our board of directors,” said GOQii CEO Vishal Gondal. “Amit’s expertise is unparalleled and will be in...

26Nov By AdityaNo Comments

FUNDING

GOQii raises $13.4 million in Series A round of funding led by New Enterprise Associates and Cheetah Mobile

Fitness tracker startup GOQii has raised Series A funding worth $13.2 million (Rs 88 crore) led by New Enterprise Associates and Cheetah Mobile, with participation from Great Wall Club, DSG Consumer Partners, Ilkka Paananen (CEO and co-founder of Supercell) and Pravin Gandhi (co-founder of Seedfund) reports Mint. GOQii will use the funds to expand to China and other unnamed markets, and is working on Chinese content before launching it there. The report adds that Cheetah Mobile’s investment may help in GOQii’s China expansion as well as on Xiaomi’s Mi user interface, given Cheetah Mobile’s chairman Jun Lei is the founder of Xiaomi. (more…)