wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: Healthkart raises $12M from existing investors

Update: Healthkart cofounder Sameer Maheshwari confirmed that the company had raised fresh funding led by Sequoia India, with participation from existing investors Omidyar Network and Kae Capital among other unnamed ones. It plans to invest in its assistance and content areas, add more categories in the nutrition segment and in the offline space. Earlier today: Healthkart, the online healthcare and fitness store, has raised Rs 80 crore ($12 million) in Series E funding from existing investors including Sequoia Capital India and Kae Capital according to Registrar of Companies (RoC) documents, reports Mint. Healthkart will use the funds for offline expansion from the current 2 stores to 7-8 in the next 6 months, product expansion and marketing. It also plans to focus on the fitness segment. We’ve written to the company for a confirmation and will update this once we hear from them. Previously, both HealthKart and HealthKartPlus (now rebranded to 1mg) were run by Bright Lifecare, and HealthKartPlus functioned under 1mg Technologies. Towards the end of 2013, HealthKartPlus expanded operations to Bangalore after serving in Delhi-NCR after its inception. HealthKart was founded by Prashant Tandon and Sameer Maheshwari in 2011 and lists health and personal care products for sale along with supplements. It launched the online generic drug search engine HealthKartPlus in 2012. Tandon heads 1mg while Maheshwari looks after HealthKart. Healthkart's private labels; Phyzosearch engine shut down: In June last year, the company launched its second private label brand Incredio. Its first private label is MuscleBlaze, a protein supplements products…

Please subscribe/login to read the full story.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ