Bollywood actor Akshay Kumar has invested an undisclosed amount in Mumbai-based wearable tech startup, GOQii, in a series C funding.
GOQii founder and CEO Vishal Gondal confirmed that investment. According to reports, Akshay had joined the company’s board as an investor and strategic advisor.
However, he didn’t share any more details of the funding round. The company has raised $43.4 million from investors such as Mitsui & Co, DSG Consumer Partners, NEA, Edelweiss Financial Services, Cheetah Mobile and more.
“We are extremely happy to have Akshay Kumar as part of our GOQii Family. He personifies the values that GOQii stands for and is a living example of what we advocate – Exercise, Eat healthily and rest well,” Gondal said.
Founded in 2014, GOQii is a smart wearable that helps people track their steps, sleep, and other physical activities, and then does more. Its smart health ecosystem integrates tools for real-time personalised coaching, an explosive high-growth health ecommerce store, scheduling health checkups, a health locker.
It also offers a ‘GOQii Cash’ programme where healthy behaviour is rewarded with cash discounts and insurance discounts based on health management data.