Angel Investments
Wearable health-tech startup Gabit raises Rs.36-Cr
Gurugram-based wearable health-tech startup Gabit has raised about INR 36.2 crore (USD 3.7 million) in a fresh funding round from a group of angel investors, including Deepak Gupta, Arnab Basu, Manav Gupta, and Vilas Dhar. The transaction follows two tranches of pre-Series A5 CCPS (compulsorily convertible preference shares) allotments.This investment brings the company's total funding to over USD 12.7 million.Founded in 2022 by the husband-wife duo Gaurav Gupta (a former Zomato co-founder) and Arpana Shahi (the former founder of SkillTap), Gabit offers a suite of health-tech products, including a titanium sm art ring that tracks over 150 health markers and a companion app that provides AI-driven insights and fitness coaching. The startup recently expanded its footprint in the nutrition segment through the acquisition of the Sweden-based brand Nack. It plans to use the new funds to scale its operations across its existing segments, which include coaching, personalised nutrition, and skincare products.
In Aug 2022, GABIT had attracted about $ 10 M from Norwest and others.For FY25, GABIT had reported about INR 35 Cr in Operating Income and about INR 30 Cr in Net Loss.
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