Hotline: 1800 102 2007
X
Search Business Opportunities
Planning 2014-10-31

HealthKart bets big on health and nutrition market in India

Eyeing on the potential health and nutrition market, e-commerce firm HealthKart is betting

HealthKart bets big on health and nutrition market in India

One of the most sought after eCommerce firm, HealthKart is betting big on the multi-billion health and nutrition market in India with growing demand of health supplements and testing kits, says a PTI report.

So far, the not so big company with only 350 employees, has raised about USD 22.5 billion in three rounds of funding. Its investors include Sequoia, Intel Capital, Kae Capital and Omidyar Network to name a few.

“Unlike other retailers, we are in a speacialised category of health and it is growing in India. The nutrition market alone is about USD 2 billion, growing at 22-25 per cent,” Prashant Tandon, co-founder and Managing Director, HealthKart told PTI.

He further noted, "Health and devices with products like glucose testing kits and blood pressure monitors, is a USD3-5 billion market in India. The market is fragmented and offline retail alone cannot service the market and therefore, HealthKart sees a huge potential in the segment.”

On reverting to the plans of raising funds, Tandon said, “HealthKart has been receiving interest, but it is yet to finalise anything. We would need funds in the next 6-12 months, but we have not finalised anything yet.”

HealthKart is an e-commerce store for consumer healthcare products, founded in 2010 by Gurgaon based entrepreneur, Sameer Maheshwari and Prashant Tandon. The e-portal offers all health and fitness related products and claims to have a strong focus on authenticity of products, as healthcare is one of those segments which are plagued by a lot of fake products.

Comment
Related opportunities
  • Other Vocational Training
    Started in 2006, Indian Institute of Computer Science (IICS) is..
    Locations looking for expansion Haryana
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Womens Wear
    About: Founded in 2014, Varanga is a progressively - growing fashion..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Career Counselling & Brain Programming
    About Us: Brain Checker Techno Services (India) is India's Largest Career..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • Other Vocational Training
    About Us: Digital Academy 360 is one of the best Digital..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Banglore south Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts