GOQii Inc announced its Series C funding round of US $ 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 a fitness tracker, app, coaching, 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 release said. 

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 Nine 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. 

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.” 

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 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.