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Paytm’s Founder invests in fitness-tracker startup GOQii Tech

Paytm founder and CEO Vijay
Shekhar Sharma
has invested an undisclosed amount in fitness-tracker
startup GOQii Technologies, ahead of the first institutional funding it expects

Paytm founder and CEO Vijay
Shekhar Sharma
has invested an undisclosed amount in fitness-tracker
startup GOQii Technologies, ahead of the first institutional funding it expects
to raise this year, reports the Economic Times. Sharma is one of more than 20
angel investors who have put money into the fitness application startup.

GOQii, founded by angel investor and former
IndiaGames CEO Vishal Gondal, said in the report that the latest funding takes
the total amount invested in the Mumbai-based company to about $2.8 million.

Incorporated in 2013, GOQii Technologies is
a wholly owned subsidiary of US-based GOQii. “Wearables is a piping hot
sector both globally and in India,” Sharma, who invested in his personal
capacity, told the Economic Times.

“The startup with its combination of
technology, experts and coaches on a single platform is uniquely positioned to
lead in it.” Sharma was quoted in the report as saying.

GOQii’s
application also integrates 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. 

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