Wearable healthtech startup Gabit has raised approximately ₹36.2 crore (about $3.7 million) in a fresh funding round from angel investors, including Deepak Gupta, Arnab Basu, Manav Gupta, and Vilas Dhar, according to inc42.com. This funding round was approved in two tranches in March and April, with the startup allotting pre-Series A5 compulsorily convertible preference shares (CCPS) at a premium, aggregating to ₹36.2 crore. This latest infusion brings Gabit’s total funding to over $12.7 million, excluding a previous undisclosed round involving celebrities Ranbir Kapoor and Badshah.
The funding process involved the allotment of 4,274 pre-Series A5 CCPS in March at a face value of ₹100 each with a premium of ₹38,786 per share, raising about ₹16.6 crore. In April, Gabit allotted another 4,573 shares under the same terms, raising an additional ₹19.6 crore. The startup was founded in 2022 by Gaurav Gupta, a former Zomato cofounder, and Arpana Shahi, a former SkillTap founder. Gabit focuses on health and wellness through fitness, nutrition, sleep, and stress management, offering smart wearables like its titanium smart ring and AI-powered coaching, alongside personalized nutrition and skincare products.
This funding is significant as it underscores growing investor interest in the wearable healthtech sector, particularly startups integrating AI with personalized health solutions. Gabit’s smart ring tracks over 150 health markers, including sleep, recovery, activity, stress, and nutrition, positioning the company in a competitive space alongside other health-focused wearable startups. The total funding surpassing $12.7 million highlights the scale of investment flowing into healthtech innovations in India.
Looking ahead, Gabit is likely to use this capital to expand its product range in wearables, nutrition, and skincare, enhancing its AI-driven health platform. The startup’s ability to integrate advanced health tracking with personalized coaching could set new benchmarks in wellness technology. Observers will watch for new product launches and market expansion as Gabit leverages this fresh funding to scale its operations.