Bangalore-based 2mpower Health Management Services has raised an undisclosed amount of funding from Chairman of Manipal Global Education Services TV Mohandas Pai and former Infosys CTO Sharad Hegde, reports The Economic Times. The company makes fitness tracking device GetActive and will use the funds raised to provide holistic disease management solutions and expand applications in areas such as retail and financial services. As of now, the company makes wearable devices that can track physical activity, calories burned, number of hours slept and weight. It has the capabilities of other fitness trackers such as Fitbit and Jawbone, and uploads your daily physical activity information online that can be viewed on an online dashboard. However, the company is trying to distinguish itself by offering various services along with the device. To begin with, it offers the service of a bunch of medical experts, who will provides customers with expert advice using the data generated by the fitness tracker. GetActive is quite similar to GoQii, a wearable device that was launched by Vishal Gondal earlier this year. GetActive claims to have over 10,000 customers as of now, but it's not clear how the service will be used in retail sector. The company has not said if it plans to share the data with insurance companies, which could be interested in tracking your day-to-day health rather than depending on an annual medical test. Other Indian 'Internet of Things' companies Wearable devices come under the Internet of Things (IoT) category, which refers to everyday objects…
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