HealthKart Raises $153 Million in Funding Round

HealthKart, an Indian omnichannel nutrition startup, has secured $153 million in a funding round co-led by ChrysCapital and Motilal Oswal Alternates, valuing the company at approximately $500 million. This funding round, which includes a first-ever employee stock option (ESOP) buyback worth ₹55 crore, marks a significant milestone for HealthKart, which reported over ₹1,000 crore in revenue and achieved full-year EBITDA profitability in FY24. The company operates several well-known brands like MuscleBlaze and HK Vitals, bolstered by a strong online presence and over 200 retail stores across 90 cities. The Indian sports nutrition market is poised for growth, driven by increasing fitness awareness and the demand for nutritional products, according to industry experts. HealthKart's founder, Sameer Maheshwari, expressed optimism about leveraging the expertise of the new investors during this growth phase. This funding round follows a previous capital raise of $135 million in December 2022, bringing the total funds raised by HealthKart to around $360 million to date.