HealthKart, a health and nutrition-based online marketplace, has raised $135 million in a Series H funding round led by Singaporean investor Temasek. The funding round also saw participation from homegrown venture capital firms A91 Partners and Kae Capital.

As per the firm, the raised funds will be used to promote its brands, increase offline distribution, expand international operations, and make acquisitions.

HealthKart | Health And Nutrition-based Online Marketplace

Founded by Sameer Maheshwari and Prashant Tandon in 2011, HealthKart is a health and nutrition-based online marketplace that has over 200 brands and authorized vendors listed on the website.

Speaking about the development, Sameer Maheshwari, co-founder and chief executive of HealthKart, said,

“The funds will help us expand into more nutrition categories. We’re scaling our healthy foods and vitamins businesses as well as kids nutrition brands. We’re also looking at use-case-based nutrition products like specialized vitamins or proteins as we grow deeper into the nutrition segment.”

Run by Bright Lifecare Pvt. Ltd, HealthKart makes supplement brands such as MuscleBlaze, TrueBasics, HKVitals, The Protein Zone, bGreen, Nouriza and Gritzo.

The health and nutrition-based online marketplace retails its products via its direct-to-consumer (D2C) platform, about 140 offline stores and e-commerce platforms like Amazon, Flipkart, Nykaa and many more. As per the firm, more than a million consumers use its products every month.

Prior to this round, the health and nutrition-based online marketplace raised $25 million in Series G funding led by Belgian private equity firm Sofina Group. Including this funding, HealthKart has raised close to $200 million.

Commenting on the development, VT Bharadwaj of A91 Partners said,

“HealthKart has the opportunity to build the largest and most significant consumer brand in the health and nutritional space. It is a digital first pioneer, which has successfully transitioned into an omni-channel business, and achieved market leadership in the past five years in the segments it operates in.”

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