Ratan Tata has invested in virtual fitness coaching platform, GOQii. The size of the funding was not disclosed.
According to q recent IDC report on Indian wearables, GOQii led the market with 16.1 per cent share in the April-June quarter of this year.
The company, which is a leading player in the Indian wearables market, is backed by angel investors such as Shriram Nene and his wife and Bollywood actress Madhuri Dixit Nene and Neeraj Arora.
It offers a fitness tracker band coupled with a personal coach. The US-based company had earlier raised $13.4 million in a series A funding in November 2015.
“With the recent developments and tie-ups on the platform, the investment from Tata is a testimony to us being a defining player of services in our category making long-term impact in people’s life,” GOQii chief executive officer and founder Vishal Gondal said.
For More: SMEStreet Story on GOQii Funding