GOQii Revenue, Valuation, Funding & Investors
GOQii is valued at $100M as of November 2018, a 61.0x revenue multiple. GOQii revenue was $2M, as disclosed with its latest round.
Last GOQii valuation
$100M
Series B · Nov 2018
Last GOQii funding round
$10M
Series C · Mar 2022
GOQii revenue
$2M
Series B · Nov 2018
Key investors in GOQii
New Enterprise Associates
Cheetah Mobile
Animoca Brands
DSG Consumer Partners
Mitsui & Co
Galaxy Interactive
About GOQii
Mumbai-headquartered GOQii integrates wearable fitness bands with personalized coaching from certified experts to foster long-term health improvements. Founded in 2014 with offices in California and Shenzhen, the platform tracks vitals, sets goals, and employs karma-based rewards for user adherence.
Founded
2014
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$2M (Nov 2018)
Valuation
$100M (Nov 2018)
GOQii Valuation
GOQii is currently valued at $100M, based on its Series B in November 2018. Read the announcement ↗
The $30M round was led by Denlow Investment Trust, Galaxy Interactive and Mitsui & Co, with participation from Ratan Tata, New Enterprise Associates, EOS VC Fund, Edelweiss Financial Services, Cheetah Mobile and 2 other investors.
GOQii valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2018 | Series B | $100M | 61.0x |
GOQii Revenue
GOQii's latest recorded revenue is $2M, as of its Series B in November 2018. At a $100M valuation, that implies a 61.0x revenue multiple.
GOQii revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2018 | $2M | $100M | 61.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
GOQii Funding History
GOQii has raised a total of $128M across 6 funding rounds.
GOQii's first fundraising round was a $13M Series A in November 2015. The most recent completed round was a $10M Series C in March 2022.
GOQii funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series C | Animoca Brands (lead); Brand Capital | $10M | - | GOQii is a health technology company founded in 2014 by Vishal Gondal that offers fitness tracking, mobile apps, coaching, a health store, and insurance products. In March 2022, the company announced a $10 million extended Series C equity investment from Animoca Brands, a leading Web3 and NFT-focused investment firm. The funding was earmarked for developing a health metaverse ecosystem that would integrate blockchain tokens and gamification into preventive healthcare offerings. GOQii planned to collaborate with Animoca Brands and its portfolio companies to build partnerships with gyms, healthcare providers, diagnostics companies, hospitals, insurance firms, and celebrities, with the metaverse expected to launch globally within 12 to 24 months of the funding announcement. This extended Series C round followed GOQii's primary Series C fundraising of $50 million completed in February 2021, which was led by Sumeru Ventures and included participation from Modality, 9Unicorns, Venture Catalysts, and other investors including Mitsui, Galaxy Digital, and angel investors such as Ratan Tata and Vijay Shekhar Sharma. |
| Feb 2022 | Series C | Sumeru Ventures (lead) | $50M | - | GOQii Inc is a tech-enabled preventive healthcare platform offering fitness trackers, an app, real-time coaching, health store, insurance, and digital therapeutics solutions, targeting areas like diabetes, women's health, and radiology. Founded in 2014 by Vishal Gondal, the Mumbai-based company raised $50 million in its Series C funding round on February 16, 2022, led by Sumeru Ventures, with participation from investors including Mitsui, MegaDelta funds, DSG Consumer Partners, Galaxy Digital, Denlow Investment Trust, Edelweiss, Cheetah Mobile, GWC, Ratan Tata, Vijay Shekhar Sharma, 9 Unicorns, Venture Catalysts, The Times Group, Ascendo, Akbar Khan, Sanjay Narang, and Modality. The round included equity (including preference shares), notes, and venture debt led by Blacksoil Capital and Trifecta Capital. The funds are earmarked to strengthen existing offerings, expand insurance and digital therapeutics verticals in India, and launch international preventive healthcare solutions. GOQii positions itself as a pioneer in India's connected health ecosystem, emphasizing preventive care over traditional curative models. Saumen Chakraborty of Sumeru Ventures highlighted GOQii's contributions to the preventive healthcare space and its potential for scaling. The company recently hired Rohit Pareek as CFO and Head of Corporate Development. Competitors include HealthifyMe, Ultrahuman, Gymtrack, and Tonal in the digital therapeutics and healthtech sectors gaining investor interest. |
| Jan 2022 | Undisclosed stage | GetVantage | $18M | - | GOQii is an Indian health tech company founded in 2014 by Vishal Gondal, offering personalized wellness solutions via wearable fitness trackers, a mobile app, health store, real-time coaching, and insurance services. It focuses on preventive healthcare, targeting areas like diabetes, women's health, and radiology, with plans for international expansion. The company has raised over $128M across multiple rounds, including a $50M Series C in 2021 mixing equity and debt from investors like Sumeru Ventures, Blacksoil Capital, and Trifecta Capital. |
| Aug 2019 | Strategic investment | Bennett Coleman and Co Ltd (lead) | $7M | - | Bennett Coleman and Company Limited, the Times Group publisher, made a strategic investment of about Rs 45.5 crore in GOQii in 2019. GOQii's board approved the issue of share warrants to the company on 26 August 2019, with five warrants priced at Rs 9.1 crore each and one equity share, and the deal was reported in September 2019. It was the first external investment GOQii announced in 2019, after months of small tranches from its US parent entity. GOQii is a preventive healthcare and wearable technology company founded in 2014 by Vishal Gondal, offering fitness bands, a coaching app and a health store, with offices in Mumbai and a US parent. Earlier investors included New Enterprise Associates, DSG Consumer Partners and Mitsui & Co from its 2015 and 2018 rounds. |
| Nov 2018 | Series B | Denlow Investment Trust (lead); Galaxy Interactive (lead); Mitsui & Co (lead); Ratan Tata; New Enterprise Associates; EOS VC Fund; Edelweiss Financial Services; Cheetah Mobile; DSG Consumer Partners; Vijay Shekhar Sharma | $30M | $100M | GOQii, a wearable technology and preventive healthcare platform founded by Vishal Gondal, raised over $30 million (estimated $30-35 million) in its Series B funding round on November 26, 2018, led by Japan's Mitsui & Co, with participation from new investors Denlow Investment Trust and Galaxy Interactive (via Galaxy EOS VC Fund), alongside existing backers including DSG Consumer Partners, New Enterprise Associates (NEA), Edelweiss Financial Services, Cheetah Mobile, Ratan Tata, and Vijay Shekhar Sharma (Paytm founder). The round valued the company at an estimated $100-125 million post-money and brought total funding to about $44 million across seven rounds. Headquartered in California with offices in Mumbai and Shenzhen, GOQii launched commercially in India in 2014 and had around 1 million paid users at the time. The capital was earmarked primarily for international expansion, particularly entering the Japanese market—a mature healthcare and insurance hub—over the next 12-18 months, including launching a local chain in collaboration with Mitsui. This marked Mitsui's first investment in wearables and tech-focused preventive healthcare, complementing its portfolio in traditional Indian healthcare like hospital chains. GOQii's platform integrates wearables with coaching services, partnering with global insurance and healthcare providers, building on validation from prior years. Founded by Gondal after selling his gaming company IndiaGames to Disney for $80-100 million in 2011, GOQii aimed for 10 million paid users in India within 36 months from late 2018. The Series B followed a $13.4 million Series A in 2015 co-led by Cheetah Mobile and NEA. GCA Corporation advised on the transaction. Later rounds included a 2022 Series C of $50 million led by Sumeru Ventures. |
| Nov 2015 | Series A | New Enterprise Associates (lead); GWC; Cheetah Mobile | $13M | - | GOQii is a virtual fitness coaching platform offering wearable-agnostic apps, personalized coaching from global experts, and a complete ecosystem combining technology, human coaching, and social impact features like karma points. Founded by Vishal Gondal, the California-headquartered company with offices in Mumbai and Shenzhen launched its fitness band and services in India in 2014. It provides fitness tracker bands paired with personal coaches who analyze user activity and sleep data for customized advice. GOQii raised $13.4 million in a Series A round on November 26, 2015, led by New Enterprise Associates (NEA) with participation from Cheetah Mobile, Great Wall Club (GWC), DSG Consumer Partners, Supercell CEO Ilkka Paananen, and angel investor Pravin Gandhi. The funding aims to accelerate revenue growth, expand into markets like China and the US, and leverage partnerships for mobile platforms such as Xiaomi. Prior to this, GOQii had raised funds from angels including Google SVP Amit Singhal and others, totaling about $20 million in risk capital including this round. At the time, GOQii had 100 employees, 1,000 fitness coaches across the US, Middle East, and India, and about 100,000 users paying upwards of Rs 4,000 for three-month coaching plans. The company focuses on sustained user engagement and positions itself as a category leader in wearable services with band-agnostic and virtual delivery models. |
Who has invested in GOQii?
16 investors have backed GOQii across its funding rounds, including New Enterprise Associates, Cheetah Mobile, Animoca Brands, DSG Consumer Partners, Mitsui & Co and Galaxy Interactive.
Lead investors include Animoca Brands, Sumeru Ventures, Bennett Coleman and Co Ltd, Denlow Investment Trust, Galaxy Interactive and 2 other investors.
GOQii Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Menlo Park, CA | 2 | Lead | Nov 2015 | |
 Beijing | 2 | Participant | Nov 2015 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Ratan Tata | Houston, TX | 1 | Participant | Nov 2018 |
| San Jose, CA | 1 | Participant | Nov 2015 | |
| New York City, NY | 1 | Lead | Nov 2018 | |
 Mumbai | 1 | Participant | Jan 2022 | |
| Denlow Investment Trust | -- | 1 | Lead | Nov 2018 |
 Hong Kong | 1 | Lead | Mar 2022 | |
 George Town | 1 | Participant | Nov 2018 | |
| Mumbai | 1 | Participant | Nov 2018 | |
| Los Angeles, CA | 1 | Lead | Feb 2022 | |
| Mumbai | 1 | Participant | Mar 2022 | |
| Mumbai | 1 | Participant | Nov 2018 | |
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Start Free TrialGOQii Competitors
GOQii competitors include listed companies like InBody and Zepp Health, and private ones like MYZONE, CardiacSense, Virtuagym and Biopeak.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Chicago, IL | Private | - | - | $102M | - | |
 South Korea | Publicly listed | $175M | $33M | $462M | 1.8x | |
 Caesarea | Private | - | - | $72M | - | |
 Amsterdam | Private | - | - | $63M | - | |
| Bangalore | Private | - | - | $250M | - | |
| Netherlands | Publicly listed | $259M | ($27M) | $33M | 0.7x |
GOQii Public Comps
GOQii is still privately-owned, but its public comps include Dyaco International, Viva Leisure, Seer, Nightingale Health, Grupo Sports World, Revium Recovery, Airdoc, Health Catalyst, Xplora and Definitive Healthcare.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $188M | ($13M) | 1.0x | - | (15.3x) | - | |||
| $165M | $77M | 2.3x | 2.1x | 4.8x | 8.3x | |||
| $16M | ($79M) | 4.9x | 4.9x | (1.0x) | (1.7x) | |||
| $6M | ($14M) | 9.5x | 6.5x | (4.3x) | (4.9x) | |||
| $116M | $45M | 0.9x | 1.0x | 2.3x | 2.8x | |||
| Revium Recovery | - | - | - | - | - | - | ||
| $26M | ($3M) | 0.8x | 0.8x | (6.5x) | - | |||
| $311M | ($110M) | 0.6x | 0.8x | (1.8x) | 8.8x | |||
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Common questions about GOQii
| When was GOQii founded? | GOQii was founded in 2014. |
| Where is GOQii headquartered? | GOQii is headquartered in San Francisco, CA, United States. |
| Is GOQii publicly listed? | No, GOQii is a private, VC-backed company. |
| What is GOQii's valuation? | GOQii was last valued at $100M in its Series B in November 2018. |
| How much funding has GOQii raised? | GOQii has raised $128M across 6 funding rounds. |
| What was GOQii's last funding round? | GOQii's last funding round was a $10M Series C in March 2022, led by Animoca Brands. |
| Who are GOQii's investors? | GOQii's investors include New Enterprise Associates, Cheetah Mobile, Ratan Tata, GWC, Galaxy Interactive, GetVantage, Denlow Investment Trust, Animoca Brands, EOS VC Fund, Edelweiss Financial Services and 6 others. |
| What is GOQii's revenue? | GOQii's latest recorded revenue is $2M (November 2018). |
| What is GOQii's revenue multiple? | GOQii's latest valuation implies a 61.0x revenue multiple ($100M valuation on $2M of revenue). |
| Which companies are comparable to GOQii? | Companies comparable to GOQii include MYZONE, InBody, CardiacSense, Virtuagym, Biopeak and Zepp Health. |
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