Paytm’s CEO Vijay Shekhar Sharma invests in GOQii Tech

NEW DELHI: 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.

GOQii, founded by angel investor and former Indiagames CEO Vishal Gondal, said the latest funding takes the total amount invested in the Mumbai-based company to about $2.8 million (Rs 17.7 crore). Incorporated in 2013, GOQii Technologies is a wholly owned subsidiary of USbased GOQii. “Wearables is a piping hot sector both globally and in India,” said Sharma, who invested in his personal capacity.

“The startup with its combination of technology, experts and coaches on a single platform is uniquely positioned to lead in it.” Sharma is one of more than 20 angel investors who have put money into the fitness application startup.

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.