HealthKart, the parent company of nutrition and fitness brands MuscleBlaze and HKVitals, on Monday announced that it has raised $153 million in secondary funding, led by ChrysCapital and Motilal Oswal Alternates. Neo Group and HealthKart's existing investor A91 Partners also participated in the round, while Avendus Capital acted as the exclusive financial advisor for the transaction.
HealthKart also announced an employee Esop buyback worth ₹55 crore, the company's first liquidity event. The buyback will benefit both current as well as former employees who have been part of the company's growth journey, the company said.
This story is from the November 19, 2024 edition of Business Standard.
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This story is from the November 19, 2024 edition of Business Standard.
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