India-based Bright Lifecare, the operator of online health store Healthkart.com and drug search marketplace Healthkartplus.com, is poised to raise $30m in series C funding, VCCircle reported yesterday.
Intel Capital, the corporate venturing unit of chipmaker Intel, participated in Healthkart’s $14m series B round in 2013 alongside venture capital firm Sequoia Capital. Healthkart had previously raised approximately $5.4m from Sequoia Capital, Omidyar Network and Kae Capital over 2011 and 2012.
Healthkart sells a range of health and fitness products across categories from sports nutrition to eyecare. The company recently launched a fitness app, ‘Fitup’ to help consumers find the right protein supplement from them. The capital would be used to open two offline stores in Delhi.
Prashant Tandon, co-founder of Healthkart said: “We are in talks with investors for funding and are exploring if there is any interesting play.”