 "Virtual fitness platform GOQii raises $13.4 mn in Series A round")
GOQii, a virtual fitness coaching platform, on Thursday announced it has closed $13.4 million (Rs 88 crore) in Series-A funding.
The investment was led by global venture capital firm New Enterprise Associates, with participation from Cheetah Mobile, developer of mobile utility applications; Great Wall Club (GWC), a private network for innovators and executives from leading mobile companies worldwide; DSG Consumer Partners, an investment company focusing on identifying, selecting and investing in consumer businesses; Ilkka Paananen, chief executive and co-founder of Finnish gaming start-up Supercell; angel investor and entrepreneur Pravin Gandhi.
GOQii was started in 2014 by Vishal Gondal, former founder and CEO of Indiagames.
“This additional funding is a great vote of confidence in GOQii’s focus on accelerating revenue growth, as well as in the long term potential of our company. This funding also reflects the robustness of the sector”, said Gondal, founder and CEO, GOQii. So far the company has raised a total of $20 million.
The investment was led by global venture capital firm New Enterprise Associates, with participation from Cheetah Mobile, developer of mobile utility applications; Great Wall Club (GWC), a private network for innovators and executives from leading mobile companies worldwide; DSG Consumer Partners, an investment company focusing on identifying, selecting and investing in consumer businesses; Ilkka Paananen, chief executive and co-founder of Finnish gaming start-up Supercell; angel investor and entrepreneur Pravin Gandhi.
GOQii was started in 2014 by Vishal Gondal, former founder and CEO of Indiagames.
“This additional funding is a great vote of confidence in GOQii’s focus on accelerating revenue growth, as well as in the long term potential of our company. This funding also reflects the robustness of the sector”, said Gondal, founder and CEO, GOQii. So far the company has raised a total of $20 million.