Startup News
HealthKart Raises $153 Mn, Announces INR 55 Cr ESOP Buyback
Healthtech startup HealthKart has raised $153 Mn in a funding round co-led by ChrysCapital and Motilal Oswal Alternates, with an INR 55 Cr ESOP buyback for employees. Known for brands like MuscleBlaze and HK Vitals, HealthKart aims to strengthen its offerings and expand globally. The startup reported strong financial growth, achieving EBITDA profitability in FY24 with revenues surpassing INR 1,000
FirstCry Parent BrainBees Ltd Faces Legal Hurdle, Shares Rally Despite Penalty
FirstCry’s parent company, BrainBees Ltd, has been fined INR 50,000 by the Legal Metrology Department, Varanasi, for violating provisions of the Legal Metrology Act, 2009. Despite this, the company’s shares rallied 5.95% to INR 550 on November 18, with a market capitalization of $3.37 Bn. Earlier this month, it paid INR 1.74 Cr for GST mismatches across multiple financial years. However, the compa