Liquidity Events
Nutrition products retailer Healthkart attracts $135-M; existing investors harvest $70-M
Gurugram-based omnichannel nutrition products retailer HealthKart has attracted USD 135 million (about INR 1,100 crore) in its Series H funding round, led by Temasek. Other existing investors A91 Partners and Kae Capital also participated in the round. HealthKart's post-money valuation has touched INR 3,000 crore (around USD 370 million). Avendus Capital acted as the financial advisor to HealthKart for the transaction. Around USD 65 million of the latest investment was in the form of primary capital, while USD 70 million was secondary share sales by existing investors. HealthKart will use primary funds for expanding into related product categories, increasing its distribution network and investing in research and development.
From the Venture Intelligence PE-VC Deal Database: Between Oct 11 and Nov 22, Healthkart had raised over USD 155 M from Temasek, Kae Capital, Sequoia Capital India, Omidyar Network, Intel Capital, Sharrp Ventures, IIFL VC, A91 Partners and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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