Knowledge Partners

 Economic Laws Practice       Avalon Consulting

 Technloogy Holdings   

March 19, 2013

Deal Alert: Intel Capital to lead 2nd round for pharma etailer Healthkart: report

Gurgaon-based start-up Bright Lifecare Pvt Ltd, which runs the online health store, is about to close a Series B funding round of up to $14 million led by Intel Capital with Sequoia as a co-investor. Healthkart started in March 2011 with seed round of $1 million from Kae Capital and Sequoia. Omidyar Networks and Sequoia together invested $5.2 million in Jan 2012 in the company’s Series A round. Currently Healthkart’s monthly revenues are about $1 million and pre-money valuation for the round is reported to be about 2.5x of the current run rate. 

Healthkart sells products across fitness, health and personal care categories such as nutrition, diabetes, home devices, eye and personal care. It was founded by IIT Delhi alumni Prashant Tandon and Sameer Maheshwari. The company acquired MadeInHealth in May 2012. 


Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.