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HealthKart / MuscleBlaze
Food & Wellness · Sports nutrition / supplements (D2C + retail)
Growth (Series H)India
HQGurugram, India
Founded2011
FoundersSameer Maheshwari, Prashant Tandon
RegionIndia
Financials
FY24 Revenue₹1,021 Cr (FY24) — 22.6% YoY
FY25 Revenuenot disclosed
YoY growth22.6% YoY FY24
Profitabilityprofitable
Channels & Distribution
Channel mix not disclosed.
D2C—
Marketplace—
Offline—
Stores130
Tech stack
Primary stackCustom
Shopify share0%
Mobile appYes
Stack signals
Custom platform (NOT Shopify)Unicommerce OMS+WMSHealthKart + brand appsAmazonFlipkart
Analyst notes
Multi-brand portfolio (MuscleBlaze, HKVitals, TrueBasics, Gritzo, bGreen). FY24 ₹1,021 Cr (+22.6%), turned profitable with ₹37 Cr PAT vs ₹164 Cr loss FY23. 130+ retail stores in 40 cities + D2C + marketplaces. Custom platform on Unicommerce OMS — NOT Shopify. $500M val at $153M ChrysCap-led round Apr 2024.
Confidence: verifiedVerified 5 Jun 2026
Funding
Latest roundGrowthApr 2024
Round size$153M
Total raised~$360M
Valuation~$500M2024
Investors
ChrysCapitalMotilal Oswal Alternates
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