Ratan Tata invests in virtual fitness platform GOQii

Tata Sons Chairman Emeritus Ratan Tata has invested in GOQii, a virtual fitness coaching platform, the company said on Monday.

According to the recent International Data Corporation (IDC) report on the Indian wearable market, GOQii has been ranked number one with a market share of 16.1 per cent in the second quarter of 2016.

"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," said Vishal Gondal, CEO and Founder, GOQii, in a statement.

The financial details of the deal are yet to be disclosed.

Headquartered in California with offices in Mumbai and Shenzhen, China, GOQii is one of the world's leading health and lifestyle coaching platforms.

GOQii offers a wearable app, guidance from global experts and counselling. The company earlier raised $13.4 million in a Series 'A' funding in November last year.

Tata has recently invested in several Indian and global start-ups in his personal capacity as well as through RNT Associates, a platform for several Ratan Tata initiatives and companies.

--IANS

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