Some of the startup’s older investors sold their shares to the new backers, the sources said. Peak XV, formerly known as Sequoia India and Southeast Asia, has fully exited the startup, selling shares it bought for less than $30 million for about $120 million. HealthKart also counts Temasek, Sofina and wealth manager IIFL among its backers.
Gurugram-based HealthKart reported revenue of $118.5 million for the year ended March 2024, cementing its position as India’s largest consumer nutrition platform. The startup sells protein supplements and health accessories.