HealthKart Raises $135 Million From Temasek And A91 Partners

The fund raised will be deployed towards the growth of in-house D2C brands, increase offline distribution, expand international operations, and make select acquisitions

learn more about Teena Jose

By Teena Jose

Company handout

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

HealthKart, India's leading consumer nutrition platform, has raised $135 million in a funding round led by Temasek, along with the participation from A91 Partners and Kae Capital. The fund raised will be deployed towards the growth of in-house D2C brands, increase offline distribution, expand international operations, and make select acquisitions. Avendus Capital acted as the exclusive financial advisor to HealthKart for the transaction.

"We are delighted to partner with Temasek and A91 Partners in our mission to deliver innovative, high quality, yet affordable preventive care solutions to Indian consumers. Driving fitness and preventive health by addressing the nutritional gaps is a systemic trend which is taking off in a big way in India. With HealthKart's R&D capabilities and omni-channel distribution infrastructure, we are excited to lead the way," said Sameer Maheshwari, founder and CEO, HealthKart.

HealthKart, at over INR 1,000 crore annual revenue run rate, is a leading player in the consumer nutrition market with two leading brands - MuscleBlaze, a sports nutrition brand, and HKVitals, an online health supplement brand. MuscleBlaze has grown rapidly over last few years and now has 25 per cent share of India's sports nutrition market. HKVitals has 20 per cent share of online health supplement market, claimed by the company in a statement.

"HealthKart has the opportunity to build the largest and most significant consumer brand in the health and nutritional space. We are excited to support Sameer and his team as they double down on their core offering, and expand the health and supplement basket to new categories (high protein food) and new customers (kids)," said VT Bharadwaj from A91 Partners.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

News and Trends

Artificial Intelligence Is Going To Be a Game Changer In Audit Space, Says Government Auditor G C Murmu

Murmu reportedly highlighted that it's again crucial for SAIs to build the necessary skills to examine information system controls, given the shift to electronic processing and computerized systems in public sector entities


Invest in Yourself: 10 Things Every Working Woman Should Do This Year

When striving for success, it is easy to forget about your mental and physical health. But without health, you cannot fully succeed. Follow these ten lifestyle strategies for success in your personal and professional life.


The Greasy, Glamorous Rise of Mascara

You won't believe the grimy gunk people used to smear on their eyelashes -- and still do.

News and Trends

Seven Books To Get Your Hands On To Start Investing

'An investment in knowledge pays the best interest' once noted Benjamin Franklin, and it stands true even after two centuries. Here are seven books to help the novice in you get started on investing

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.