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March 20, 2013

Deal Alert: Intel, Sequoia invest $14-M in pharma e-tailer Healthkart

Gurgaon-based HealthKart, which sells consumer healthcare goods online has raised $14 million in Series B funding from Intel Capital ($8 million) and Sequoia Capital ($6 million). Including the new round of funds, the company has raised a total of $22.5 million from venture capital firms.

Healthkart was launched in March 2011 with initial capital of $1 million from Kae Capital and Sequoia. The company had later raised $7.5 million from Omidyar Network and existing investors Sequoia Capital and Kae Capital.

Source: Nextbigwhat.com

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