Gabit secures ₹36.2 Cr to fuel AI-driven healthtech expansion in India

Gabit, a wearable healthtech startup, has secured ₹36.2 Cr (around $3.7 Mn) in a new funding round. The investment pushes the company’s total funding past $12.7 Mn, not including an earlier undisclosed round from celebrities Ranbir Kapoor and Badshah. Founded in 2022 by former Zomato and SkillTap co-founders Gaurav Gupta and Arpana Shahi, the startup is expanding its presence in India’s fast-growing healthtech sector. The latest funding was led by a group of angel investors, including Deepak Gupta, Arnab Basu, Manav Gupta, and Vilas Dhar. In March and April 2023, Gabit’s board approved the allotment of 8,847 pre-Series A5 CCPS, raising approximately ₹36.2 Cr. This infusion follows the company’s acquisition of Sweden-based nutrition brand Näck in December 2022, a move aimed at bolstering its supplements and nutrition offerings.

Gabit operates in a competitive market, facing rivals like Ultrahuman, Muse Wearables, and HAR. The startup provides a range of products, from smart wearables and AI-driven coaching to personalised nutrition and skincare. Its solutions target fitness, sleep, stress management, and overall wellness—areas gaining traction as India’s wearable healthtech ecosystem moves beyond basic fitness trackers. The industry itself is expanding rapidly. India’s smart wearables market is forecast to reach $10.26 Bn by 2031, with startups increasingly focusing on AI-powered preventive healthcare and integrated wellness platforms.

With fresh funding and a strengthened product line, Gabit is positioning itself for growth in a booming sector. The startup’s focus on AI-driven health solutions and personalised wellness aligns with broader trends in India’s wearable tech market. The latest investment round and strategic acquisition suggest plans for further expansion in the coming years.