Healthkart seeks $30m to rev up

Aug 15, 2014 • Joanne Faulkner

Intel-backed Bright Lifecare, the operator of online drug store Healthkart, is in talks to raise $30m in series C funding to open two stores in Delhi.

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…

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