Gurugram-based HealthKart announced it raised $153 million at a new valuation of $500 million. The latest valuation puts the online supplement marketplace halfway toward a unicorn status. ChrysCapital and Motilal Oswal Alternates, two Indian investment firms, co-led the round, which included participation from existing HealthKart backers.
Founded in 2011, HealthKart is a prominent marketplace that develops in-house supplement brands and sells several thousand other nutritional products. By offering an extensive product selection, the company aims to be a one-stop shop for individuals with different supplement and nutrition needs.
In addition to its e-commerce site, HealthKart also operates several hundred brick-and-mortar stores in over 90 cities across the country.
Prior to the latest round, HealthKart had collected $151 million in funding across eight different rounds, according to Traxn.
