Paytm’s Founder & CEO Vijay Shekhar Sharma Invests In Vishal Gondal Founded GOQii

Paytm founder and CEO Vijay Shekhar Sharma has invested an undisclosed amount in Mumbai-based GOQii Technologies. With this funding, the total amount invested in the company is about $2.8Mn.

GOQII also plans to raise its first institutional funding this year. The company raised an undisclosed amount in angel funding from WhatsApp’s Neeraj Arora, Marco Argenti in August last year.

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Founded in 2013 by former Indiagames CEO Vishal Gondal the company has a fitness tracker along with coaches which work to give the needed push. The app can integrate with 35 major fitness bands including Jawbone, Fitbit, Garmin, Moov, Misfit and Sony. Users have to decide on a goal and choose a coach to guide them on the application.

GOQii charges subscription plans for access to its coaches, which are available over pre-scheduled calls or instant messenger. Currently, it charges INR 6,999 for a six – months subscription and INR 11,999 for an annual subscription.

A total of more than 20 angel investors have invested in the startup till date. Vijay said, “The startup with its combination of technology, experts and coaches on a single platform is uniquely positioned to lead in it.”

With wearable industry being a hot sector globally and in India with major brands coming up with their wearables every now  and then, GOQii takes it up by a notch by combining its wearable tech with fitness coaches because tech alone can not give motivation one needs.

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