New Delhi, India, July 06, 2015: Paytm founder and CEO Vijay Shekhar Sharma has invested an undisclosed amount in fitness-tracker start-up GOQii Technologies, ahead of the first institutional funding it expects to raise this year. GOQii, founded by angel investor and former India games CEO Vishal Gondal was incorporated in 2013. GOQii Technologies is a wholly owned subsidiary of US based GOQii.
As per Vishal “ It is a joyous moment for us as we welcome Vijay on board. We are sure this collective partnership will further help accelerate our vision to build a healthier ecosystem.
He further added, With the Coach Marketplace model we intend to have 1000 coaches on board by the end of this year offering the customers an opportunity to choose who they want to be coached by. We are happy to have celebrated coaches like Satya who is an independent coach and is witnessing a strong demand from our users for his services.”
With operations across countries such as Singapore, India, Malaysia, Dubai, Abhu- Dabi ,US GOQii already has an existing user base of less than 50,000 customers in India, integrating with 35 major fitness bands including Jawbone, Fitbit, Garmin, Moov, Misfit and Sony. Users have to decide on a goal and chose a coach to guide them on the application.
On investing in her personal capacity Mr. Sharma was quoted saying ” I am excited to be associated with GOQii. Wearables is a piping hot sector both globally and in India. Juniper Research estimates global shipments in wearables to increase to 150 million units by 2018. Add to that the health and fitness segment and we are looking at a massive opportunity. GOQii with its combination of technology, world’s leading experts, coaches and karma points on a single platform is uniquely positioned to lead in it.
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