Gabit Secures ₹36.2 Cr in New Funding to Fuel AI-Powered Wearables Growth

Gabit, a wearable healthtech startup, has secured ₹36.2 Cr (around $3.7 Mn) in a new funding round. The investment comes as India’s smart wearables market continues to expand, with a projected value of $10.26 Bn by 2031. Founded in 2022 by Gaurav Gupta and Arpana Shahi, the company specialises in AI-driven wellness solutions, including smart rings and personalised nutrition products. The latest funding round 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, bringing the total raised in this round to ₹36.2 Cr. With this infusion, the startup’s overall funding now exceeds $12.7 Mn, not including an undisclosed investment from celebrities Ranbir Kapoor and Badshah last year.

Gabit’s flagship product is a titanium smart ring that monitors over 150 health metrics. Beyond hardware, the company offers AI-powered coaching, tailored nutrition plans, and skincare products designed to manage fitness, sleep, and stress. In December 2022, it expanded its portfolio by acquiring Näck, a Sweden-based nutrition brand. The startup operates in a competitive market, facing rivals like Ultrahuman, Muse Wearables, and HAR. Unlike traditional fitness trackers, Gabit focuses on preventive healthcare and integrated wellness, aligning with broader trends in India’s healthtech sector.

This funding boost positions Gabit to further develop its AI-driven wellness platform. The company’s smart wearables and personalised health solutions aim to meet rising demand in India’s fast-growing wearable tech market. With a total funding of over $12.7 Mn, the startup is set to expand its product range and market reach.