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Gurgaon: Gurgaon-based online health store Healthkart.com is planning to raise $10 million in second round of funding. The fund raised will be used for expansion of its portfolio and developing online magazine, reports Livemint.
Healthkart was launched in March 2011 with a vision to be the one-stop shop for all consumer healthcare needs for people in India. It specifically focuses on providing quality products and services at the most cost effective rates and deliver with a service mindset to ensure that they get more out of their purchase. They have earlier raised $1 million for early stage seed fund from Kae Capital and Sequoia Capital.
The portfolio of the company includes testing devices, nutrition prodiucts, food and footwear for diabetics, home devices for blood pressure, lenses, personal care and baby products. Prashant Tandon, co-founder and managing director, Bright Lifecare, said that the two sets of investments are helping it in raising next round of fund through introductions and connections. It has tied up with manufacturers and distributors to ensure that it offer 100 percent authentic product.
Sasha Mirchandani, Managing Partner, Kae Capital said that they will participate in the next round of funding. Kae Capital was launched earlier this year for very early stage deals by Mirchandani, founder of Mumbai Angels.
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