Indian omni-channel nutrition startup HealthKart has raised $153 million in one of the country’s largest consumer startup investments this year, valuing the business at about $500 million, according to a source familiar with the matter.
The new investment was co-led by private equity firms ChrysCapital and Motilal Oswal, with Avendus Capital serving as financial advisor.
Gurugram-based HealthKart reported revenue of $118.5 million for the year ending March 2024, cementing its position as India’s largest consumer nutrition platform.
The 13-year-old startup, which spun out of online pharmacy startup 1MG, said it is also buying back shares worth $6.5 milion from employees. The startup was EBITDA profitable in the financial year ending March.
This is a developing story. More to follow.
