Avendus Capital advises HealthKart and its shareholders on its USD 153 million investment led by ChrysCapital and Motilal Oswal Alternates

We welcome ChrysCapital and Motilal Oswal to HealthKart and hope to leverage their expertise during the next phase of growth. Very excited about our first ESOP buyback program which will create meaningful value for people who have played a critical role in building HealthKart. We firmly believe that people are our greatest asset and we aim to align their personal success with the company’s long-term vision.

ChrysCapital is excited to partner with HealthKart as it embarks on its growth journey. The Indian sports nutrition market, currently underpenetrated, is expected to expand due to a rise in fitness awareness and the increasing importance of nutrition and protein. MuscleBlaze stands out as a leading brand, supported by a robust mix of proprietary channels, while HK Vitals offers high-quality nutraceuticals. ChrysCapital believes that HealthKart's exceptional management team, strong brand portfolio, omnichannel distribution, and superior marketing capabilities provide the ideal foundation for significant growth and value creation.

We are very excited to partner with HealthKart in its next phase of growth journey. The Company has demonstrated a strong track-record of creating market leading consumer health brands through its differentiated products and multi-channel distribution presence. HealthKart’s commitment to providing high quality, affordable and relevant dietary supplements, sports nutrition and wellness products aligns perfectly with our objectives of promoting a healthier lifestyle.

We are very excited to have partnered with Sameer and the HealthKart team again on this successful transaction. HealthKart has emerged as a leader in the health and nutrition space, driven by its omnichannel distribution, R&D-led innovation, and unique marketing approach that has created one of the most powerful brands in India. This deal not only highlights HealthKart’s role in transforming the sector but also reflects investor confidence in India’s consumer and tech space.