HealthKart Raises $5.2 Million From Sequoia, Omidyar

By | 11 January 2012 | 21:51

Gurgaon-based online health store HealthKart has raised $5.2 million (Rs 27 crore) as part of a Series A round of funding from Sequoia Capital and Omidyar Networks, reports VCCircle. The company had earlier raised over $1 million from KAE Capital and Sequoia in seed funds.

Founded in March 2011, the startup was reportedly in the market to raise $10 million, chiefly to expand its portfolio and launch an online magazine. It started business with products in categories such as diabetes, home medical and baby products and intends to expand into elderly care, nutrition, personal care chronic care, vision and skin care. The company takes orders online, over telephone and via email. Orders that exceed Rs 500 are eligible for free delivery and the company also offers customers the cash-on-delivery option.

The 11-month old ecommerce startup, founded by IIT Delhi alumni Prashant Tandon and Sameer Maheshwari, also retails services such as health-checkups, fitness packages at gyms and spa treatment packages. The leadership team, apart from Tandon and Maheshwari, includes Animesh Jain, founder of online gifting startup iTasveer, who now heads marketing for HealthKart.

One Response to “HealthKart Raises $5.2 Million From Sequoia, Omidyar”


Trackbacks/Pingbacks

  1. Sequoia Invests $3.9 Million in Mobile Recharge Service Freecharge says:
    February 10, 2012 at 13:31

    [...] year. Earlier this month, the venture capital investor teamed up with Omidyar Network to invest $5.2 million in online health store HealthKart. [...]

Leave a Reply

Enter your email address to receive notifications of new posts by email.

Latest News

StartupCentral is an online source for news and analysis on the entrepreneurial economy in India and Asia. Share tips and press releases at news (at) startupcentral (dot) in

Archives

Opinion

Disclaimer

The views and opinions expressed at Startupcentral do not represent any organization or entity that the writers/bloggers may be professionally associated with. The content on this blog does not constitute expert advice. Startupcentral does not take responsibility for decisions that readers may take on the basis on information available on this blog. The content on this blog also includes the views and opinions of professionals from the venture capital, private equity and entrepreneur community and links to other blogs and websites operated by third parties. Startupcentral does not take responsibility for decisions that readers may take on the basis of the information, views and opinions, expressed on this blog by third-party contributors or via links to other blogs and websites operated by third parties. Comments are welcome. Startupcentral reserves the right to remove/delete comments that are abusive in nature or attempt to market a product or service. Startupcentral is not responsible for the views and opinions expressed by readers though their comments.