Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 10 2019

HealthKart raises $25 mn funding from Sofina

The funds will be used for expanding HealthKart’s offline store network, developing additional direct-to-consumer nutrition brands and strengthening its vertical integration.

HealthKart raises $25 mn funding from Sofina

HealthKart, India’s largest omnichannel nutrition platform, has raised $25 million in a fresh round of financing from Sofina. The company, which is owned by Bright Lifecare Pvt Ltd, is claiming to be India's only pure-play online/offline nutrition platform.

The funds will be used for expanding HealthKart’s offline store network, developing additional direct-to-consumer nutrition brands and strengthening its vertical integration.

The HealthKart omni-channel platform is the core customer education and acquisition tool for the firm. It consists of an online portal and over 110 offline stores spread across 40 cities. The company is aiming to expand the store network, and further also leverage data and AI technologies to offer superior assistance to customers.

Sameer Maheshwari, Founder & CEO, HealthKart said, “With a strong focus on product development, manufacturing and distribution, our mission is to make health and nutrition mainstream and bring best-in-class nutrition solutions to customers. We are very excited to partner with Sofina, who have deep experience in investing in consumer brands, for the next phase of our growth.”

Tanya Sen, Investment Manager at Sofina Asia, added, “We look forward to partnering with HealthKart to further expand its brand portfolio and distribution network in the fast-growing nutrition & wellness space in India. We are impressed by the pace at which the management team has scaled the MuscleBlaze brand and are proud to back their commitment to building a range of high quality, authenticity-guaranteed products for the Indian consumer. This investment is part of our strategy to be long term partners to talented entrepreneurs and investors building sustainable businesses in growing markets.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Casual Dine Restaurants
    About Us: We take this opportunity to introduce ourselves; “Madras Coffee..
    Locations looking for expansion Tamil nadu
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Car Wash / Ceramic Coating / Detailing
    About Us: TuffEnough has been in the market with a vision..
    Locations looking for expansion Madhya pradesh
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Fine Dine Restaurants
    About Us: We are an authentic pan Asian restaurant having the..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Car Wash / Ceramic Coating / Detailing
    About Us: Autodynamics is a unique and well-equipped car detailing concept..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hingna Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities