Startup Atlas · Digital Health

GOQii

● Menlo Park, California ● Founded 2014 ● goqii.com ↗
Vishal Gondal · Founder & CEO Abhishek Sharma · Co-founder & COO Sachin Janghel · Co-founder & CTO Champ Alreja · Co-founder & CBO
$79.82 MnTotal funding (tracked)
7Funding rounds
29 Mar 2022Last round

GOQii: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Wearable + human coaching combo

GOQii has a wearable fitness band which collects users' (called players) activity and sleep data. A personal coach is assigned to a player who reviews this data and communicates via mobile app to guide them towards their health and fitness goals.

source
AI + human expertise health platform

Positions itself as combining AI-driven insights with certified human coaches across its consumer app.

source
Outcome-based insurance rewards

Insure+ product ties insurance coverage to demonstrated healthy behaviour, rewarding users with higher cover.

source

Customer Segments

Individual health/fitness consumers

Direct-to-consumer app users seeking personalised coaching, diagnostics and health insights.

source
Hospitals, clinics and doctors

Care management dashboards built for healthcare providers.

source
Insurance companies

Insurer partnerships built around wellness-linked coverage, e.g. the three-way Max Bupa / Swiss Re tie-up.

source

Customer Relationships

GOQii Arena community & challenges

In-app social community (GOQii Arena) where users connect with like-minded members, join fitness challenges and earn rewards to stay motivated.

source

Channels

Mobile app

A personal coach communicates with users via the GOQii mobile app, the primary interface for coaching and tracking.

source
Bank/enterprise co-branded distribution

GOQii tied up with Axis Bank to bundle wearable devices with the fitness service for the bank's customers, including NFC payments.

source

Key Activities

AI-driven health risk quantification & underwriting support

For insurance and healthcare partners, GOQii runs AI-driven risk-profiling of customers to support underwriting and personalised insurance plans.

source
Real-time IoT health monitoring

The company continuously ingests vitals and activity data from connected IoT devices to power real-time health monitoring and AI anomaly alerts for platform users and partners.

source
Coaching & wellness content delivery

Certified coaches run structured programs and content, including a dedicated in-app OTT channel covering exercise, nutrition, yoga and mental wellbeing, much of it delivered under the Fit India partnership.

source
Public-health & preventive-care outreach (Sanjeevani)

GOQii runs public-health outreach that extends its preventive-health ecosystem beyond the paid app, including a rural pilot integrated with government healthcare delivery.

source

Key Resources

HealthEngage — B2B AI/IoT platform

A separate technology platform, GOQii HealthEngage, gives insurers, healthcare providers and employers AI-driven risk quantification, predictive analytics and IoT device integration — a licensable asset distinct from the consumer app.

source
Smart Health Ecosystem (core tech + coaching platform)

GOQii's proprietary consumer platform combines its technology stack with a human-coaching layer, forming the core asset behind its preventive-healthcare product.

source
Network of certified coaches

GOQii relies on a roster of certified coaches, including Fit India-certified coaches who lead initiatives such as Fit India Active Sunday — the human-expertise layer central to its coaching model.

source
Wearable device lineup

Physical hardware — the GOQii Vital, GOQii Run GPS, GOQii HR and GOQii Stride bands — is the data-capture asset that feeds activity, sleep and vitals data into the coaching platform.

source

Key Partnerships

Axis Bank

Co-branded wearable/NFC payments partnership for bank customers, 2016.

source
Max Bupa Health Insurance & Swiss Re

Three-way tie-up (April 2017) to build wellness-linked insurance offerings.

source
Thyrocare & Max Healthcare

Diagnostics partnership underpinning the 2016 'Health Locker' and GOQii Doctor teleconsultation feature.

source
BharatBox

2024 partnership to launch a metaverse health and wellness platform.

source
Animoca Brands

Blockchain/Web3 gamification partnership tied to a $10M extended Series C investment (2022), aimed at building GOQii's Health Metaverse.

source

Revenue Streams

Coaching subscriptions

A subscription fee is charged for personalised coaching and access to premium services.

source
Rewards-linked health store

Users earn GOQii Cash for healthy behaviours which unlocks discounts on curated health products sold through the store.

source

Cost Structure

Total operating expenses — Rs 49.33 Cr in FY19Rs 49.33 Cr total expenses (FY19)

In the fiscal year ending March 31, 2019, GOQii's total expenses rose 58.8% year-on-year to Rs 49.33 crore (from Rs 31.06 crore in FY18), driven mainly by employee benefits, legal & professional fees and marketplace charges — more than double the company's operating revenue that year. This is the most recent expense breakdown publicly reported for GOQii.

source
Employee benefit expense — Rs 12.90 Cr in FY19Rs 12.90 Cr, +20.67% YoY

Employee benefits were GOQii's largest disclosed single cost line in FY19, reflecting the coach- and human-expertise-heavy nature of its delivery model.

source
Advertising, marketing & promotion expense — Rs 9.46 Cr in FY19Rs 9.46 Cr, 5.2x YoY

GOQii's ad/marketing/promotion spend was its fastest-growing disclosed cost line in FY19, more than 5x the prior year as the company pushed user acquisition.

source

FAQs on GOQii

What is GOQii's business model?

GOQii's core value proposition centers on Wearable + human coaching combo, AI + human expertise health platform, Outcome-based insurance rewards.

How does GOQii make money?

GOQii's cited revenue streams include Coaching subscriptions, Rewards-linked health store.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: en.wikipedia.org · Last verified 23 Oct 2026. · Report a correction