Flipkart is going to step into online health services, company will buy stake of online pharmacy company sastasundar

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FLIPKART

Flipkart has made this information available in a statement on Friday that it will buy a majority stake in Kolkata-based SastaSundar Marketplace. SastaSundar Company owns and operates online pharmacy and digital healthcare platform SastaSundar.com.

Walmart-owned Flipkart has made this information available in a statement on Friday that it will buy a majority stake in Kolkata-based SastaSundar Marketplace. SastaSundar Company owns and operates online pharmacy and digital healthcare platform SastaSundar.com. As of now, there is no clarity on the size of the deal. The Flipkart company is entering the healthcare sector through its Flipkart Health platform. In a statement on behalf of the company, it was stated that “To enter the healthcare sector, the Flipkart Group has signed definitive agreements to acquire a majority stake in SastaSundar Marketplace, an online pharmacy, and digital healthcare platform...

SastaSundar.com offers a digital healthcare and pharmacy platform supported by a network of over 490 pharmacies. The company is backed by Japanese investors, Mitsubishi Corporation, and Rohto Pharmaceuticals. Flipkart Health will leverage the combined strengths of the Flipkart Group, including its pan-India reach and technology capabilities. SastaSundar.com has deep expertise in healthcare, providing end-to-end products to consumers across the health-tech ecosystem.

Flipkart Health will endeavor to provide quality and affordable healthcare to millions of Indian consumers starting with e-pharmacy and will add new healthcare services like e-diagnostics and e-consultation over time. Ravi Iyer, Senior Vice President, and Head-Corporate Development, Flipkart, said in a statement that, the consumer internet ecosystem in India is growing rapidly as consumers can identify the features that, digital adoption can offer to them. Enabling life. With increasing awareness and increased focus on health from the pandemic, a huge opportunity and demand have arisen for affordable healthcare.