Gabit, co-founded by Zomato's Gaurav Gupta, just raised another ₹36.2 crore for its wearables and wellness platform. The market for smart rings and integrated health is heating up, but Gabit is betting on a very wide product suite. Their strategy is to offer everything from titanium rings to personalized skincare, rather than specializing.
How We Got Here
Gabit launched in 2022 and landed a $9.5 million seed round from Norwest, Deepinder Goyal, and Kunal Shah in 2023. They also acquired Sweden-based nutrition brand Näck in December last year to bolster their offerings.
The Numbers
- Total funding now stands at over $12.7 million, excluding an undisclosed celebrity round involving Ranbir Kapoor and Badshah.
- The latest ₹36.2 crore infusion comes from angel investors, with funds raised across two tranches in March and April.
- Gabit's flagship product is a titanium smart ring claiming to track over 150 health markers including sleep, recovery, and stress.
- Their platform extends to AI-powered coaching and a skincare vertical with tailored products like sunscreens and serums.
- Gabit competes directly with Ultrahuman, Muse Wearables, and HAR in India's growing wearable healthtech market.
What Happens Next
🇮🇳 Why This Matters for India
For founders building consumer hardware in Pune or Hyderabad, Gabit's broad integrated play signals a major capital bet on cross-vertical healthtech demand, potentially setting a new benchmark for investor expectations.
The Take
Gabit's move into a full spectrum of health—wearables, nutrition, skincare—is either brilliant market capture or a costly dilution of focus. I'm betting the latter; it's tough to master three distinct, complex product lines simultaneously against specialized rivals.
Source:
Inc42 ↗