PE Fund Investments
Healthtech startup Goqii raises $50-M from Sumeru Ventures, others
Mumbai-based healthtech startup Goqii has raised USD 50 million (approx INR 375 crore) in a Series C round led by Sumeru Ventures. The round comprised a mix of equity including preference share and debt investments. Other investors in the round included UK primary health care and community services provider Modality (Digality) and PE-VC investors such as MegaDelta, Mitsui PE, 9Unicorns and Venture Catalysts. The Times Group, Ascendo and Rain Instant Pay CEO Akbar Khan and restaurateur Sanjay Narang. The venture debt component was led by Blacksoil Capital and Trifecta Capital. Goqii will use the proceeds to strengthen its current offerings that include a wearable fitness tracker, an app, health store as well as real-time coaching and insurance services. It will also use the funds to expand in insurance, digital therapeutics and international markets.
From the Venture Intelligence PE-VC Deal Database: Between Nov-15 and Nov-20, Goqii raised over $50 M from Edelweiss Private Equity, DSG Consumer Partners, Ratan Tata, Mitsui PE, NEA, and others.
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