HealthKart, a leading fitness supplement brand, has successfully raised $153 million in a secondary funding round led by ChrysCapital and Motilal Oswal Alternates. This funding round also saw participation from Neo Group and existing investor A91 Partners. Alongside this investment, the company announced a ₹55 crore employee stock option (ESOP) buyback program, marking its first liquidity event.
Funding Details and Valuation
The secondary funding round valued HealthKart at approximately $500 million, a significant increase from its previous valuation of $370 million during its last funding round in 2022. Secondary funding allows investors to acquire stakes from existing shareholders rather than injecting new capital into the company. This approach provides liquidity to early investors and employees while maintaining the company’s capital structure.
According to Arpit Vinayak, Vice President at ChrysCapital, the underpenetrated Indian sports nutrition market is poised for rapid growth, driven by increased fitness awareness and the growing importance of nutrition and protein.
HealthKart’s Growth Journey
Founded in 2011 by Sameer Maheshwari, HealthKart operates a portfolio of digital-first brands including MuscleBlaze, HK Vitals, and Gritzo, focusing on categories such as proteins, dietary supplements, and kids’ nutrition. The company boasts a robust omnichannel presence with over 200 offline stores across more than 90 cities in India.
In FY24, HealthKart surpassed the ₹1,000 crore revenue mark and achieved full-year EBITDA profitability. While its FY24 financials are pending official release, the company reported a remarkable 69.5% year-on-year revenue increase in FY23, reaching ₹832.48 crore. Additionally, net losses were nearly halved to ₹164.71 crore compared to the previous fiscal year.
First ESOP Buyback Program
HealthKart’s ₹55 crore ESOP buyback program aims to reward both current and former employees who have contributed to the company’s growth. Founder Sameer Maheshwari expressed enthusiasm about this initiative, stating that it reflects the company’s commitment to valuing its people and aligning their success with the company’s long-term vision.
“The company has consistently demonstrated a strong track record of building market-leading consumer health brands through differentiated products and multi-channel distribution,” said Rohit Mantri, Co-head and Managing Director of Private Equity at Motilal Oswal Alternates.
Advisory and Market Outlook
Avendus Capital served as the exclusive financial advisor for this transaction. HealthKart’s momentum reflects the growing demand in India’s sports nutrition market, signaling further opportunities for expansion as fitness and health gain prominence among consumers.
The Indian sports nutrition market is currently underpenetrated, with significant potential for growth due to rising fitness awareness among consumers. HealthKart’s strong brand portfolio, which includes MuscleBlaze known for its quality products and HK Vitals offering high-quality nutraceuticals, positions it well to capitalize on this trend.
Conclusion
With this recent funding round and ESOP buyback program, HealthKart is well-positioned to enhance its market leadership in the rapidly evolving health and nutrition sector. The infusion of capital will enable further investment in product development, marketing initiatives, and expansion into international markets. As consumer demand for health supplements continues to rise, HealthKart’s strategic moves reflect its commitment to innovation and growth within the industry.
drover sointeru
December 29, 2024 at 8:54 pm
I went over this internet site and I think you have a lot of fantastic info , saved to bookmarks (:.
Darrick Bissol
March 4, 2025 at 8:20 pm
This is a topic close to my heart cheers, where are your contact details though?
Carter Wetmore
March 5, 2025 at 4:15 am
You can certainly see your expertise in the paintings you write. The sector hopes for even more passionate writers such as you who aren’t afraid to mention how they believe. All the time go after your heart. “Man is the measure of all things.” by Protagoras.
toronto airport limo
March 7, 2025 at 8:17 pm
Hello very nice web site!! Man .. Beautiful .. Superb .. I’ll bookmark your website and take the feeds alsoKI am happy to seek out numerous useful information here in the put up, we’d like develop extra techniques in this regard, thank you for sharing. . . . . .
ecuador tours
March 9, 2025 at 1:36 am
Good day! I know this is kinda off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!
galapagos luxury tours
March 9, 2025 at 1:41 am
Have you ever considered writing an e-book or guest authoring on other websites? I have a blog centered on the same subjects you discuss and would really like to have you share some stories/information. I know my readers would value your work. If you’re even remotely interested, feel free to shoot me an e mail.
process server near me
March 11, 2025 at 1:11 am
I?¦ll immediately take hold of your rss as I can not to find your e-mail subscription link or newsletter service. Do you’ve any? Please allow me recognise so that I may just subscribe. Thanks.
private process server new orleans
March 11, 2025 at 3:12 am
Great post. I am facing a couple of these problems.
process server baton rouge louisiana
March 11, 2025 at 4:37 am
whoah this blog is excellent i love reading your posts. Keep up the great work! You know, a lot of people are looking around for this info, you can help them greatly.
what is the courier service
March 11, 2025 at 6:46 am
Hiya, I’m really glad I’ve found this information. Today bloggers publish only about gossips and web and this is really irritating. A good site with interesting content, that’s what I need. Thank you for keeping this web site, I will be visiting it. Do you do newsletters? Can’t find it.
moonstone
March 12, 2025 at 7:44 pm
hello there and thanks in your information – I have definitely picked up something new from right here. I did alternatively experience some technical points using this web site, as I experienced to reload the site lots of occasions previous to I could get it to load properly. I were considering in case your web host is OK? Not that I’m complaining, however sluggish loading cases instances will very frequently have an effect on your placement in google and can damage your high quality rating if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I’m including this RSS to my e-mail and could look out for much extra of your respective interesting content. Make sure you replace this again very soon..
moonga
March 12, 2025 at 7:50 pm
Once I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any means you can take away me from that service? Thanks!
emerald
March 12, 2025 at 7:50 pm
I think you have noted some very interesting details , appreciate it for the post.
red coral
March 12, 2025 at 8:52 pm
I think you have remarked some very interesting details, regards for the post.
moonga
March 12, 2025 at 8:54 pm
I wish to express some appreciation to this writer for rescuing me from this dilemma. As a result of surfing throughout the online world and finding views which are not pleasant, I believed my life was well over. Being alive without the answers to the problems you have resolved by way of this website is a crucial case, as well as the ones which might have negatively damaged my career if I had not encountered your site. The understanding and kindness in dealing with everything was invaluable. I’m not sure what I would have done if I had not come across such a subject like this. I can at this time look forward to my future. Thanks a lot very much for this reliable and sensible help. I won’t think twice to endorse the sites to anyone who wants and needs care about this area.
opal stone
March 12, 2025 at 8:54 pm
Respect to website author, some excellent selective information.
89104
March 13, 2025 at 4:26 am
You have brought up a very great points, thankyou for the post.
78719
March 13, 2025 at 4:33 am
Exactly what I was searching for, regards for putting up.
leash
March 19, 2025 at 5:14 am
I haven¦t checked in here for a while as I thought it was getting boring, but the last few posts are good quality so I guess I¦ll add you back to my everyday bloglist. You deserve it my friend 🙂
grooming
March 19, 2025 at 5:23 am
This is a very good tips especially to those new to blogosphere, brief and accurate information… Thanks for sharing this one. A must read article.
clothes
March 19, 2025 at 5:40 am
Would love to forever get updated outstanding blog! .
Free Sports Streaming
April 4, 2025 at 8:46 pm
Great post. I was checking constantly this blog and I am impressed! Very helpful information specifically the last part 🙂 I care for such information much. I was looking for this certain info for a long time. Thank you and good luck.
desk chair cushion
April 9, 2025 at 11:45 pm
You are my breathing in, I have few web logs and rarely run out from to post .
stone display design
April 11, 2025 at 3:57 am
Exactly what I was searching for, regards for posting.
Watch Boxing Online
May 11, 2025 at 12:22 am
Este site é realmente fascinate. Sempre que acesso eu encontro coisas diferentes Você também vai querer acessar o nosso site e descobrir mais detalhes! informaçõesexclusivas. Venha saber mais agora! 🙂
private tours in morocco
May 24, 2025 at 9:20 am
This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!