GOQii gets PayTm founder Vijay Shekhar Sharma on board as angel investor 

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Updated: July 6, 2015 1:04:04 PM

Fitness-tracker start-up GOQii Technologies has received an undisclosed investment amount from Paytm founder and CEO Vijay Shekhar Sharma ahead of the first institutional funding it expects to raise this year.

paytm founderFitness-tracker start-up GOQii Technologies has received an undisclosed investment amount from Paytm founder and CEO Vijay Shekhar Sharma ahead of the first institutional funding it expects to raise this year. (PTI)

Fitness-tracker start-up GOQii Technologies has received an undisclosed investment amount from  Paytm founder and CEO Vijay Shekhar Sharma ahead of the first institutional funding it expects to raise this year.

GOQii, founded by angel investor and former India games CEO Vishal Gondal was incorporated in 2013.GOQii Technologies is a wholly owned subsidiary of US based GOQii.

“It is a joyous moment for us as we welcome Vijay on board. We are sure this collective partnership will further help accelerate our vision to build a healthier  ecosystem,” said Vishal Gondaal.

With operations across countries such as Singapore, India, Malaysia, Dubai, Abhu- Dabi ,US  GOQii already has an existing user base of under 50,000 customers in India, integrating with 35 major fitness bands including Jawbone, Fitbit, Garmin, Moov, Misfit and Sony. Users have to decide on a goal and chose a coach to guide them on the application.

“Wearables is a piping hot sector both globally and in India. Juniper Research estimates global shipments in wearables to increase to 150 million units by 2018. Add to that the health and fitness segment and we are looking at a massive  opportunity. GOQii with its combination of technology, world’s leading experts, coaches and karma points on a single platform is uniquely positioned to lead in it,: said Sharma.

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