Flipkart on Friday announced its foray into the healthcare segment and said it has signed an agreement to acquire a majority stake in online pharmacy SastaSundar Marketplace.
NS walmart-controlled e-commerce firm said that it entered the sector through the launch of Flipkart Health+ and as part of this development, have signed a definitive agreement to acquire a majority stake in the Sastasundar Marketplace.
SastaSundar.com is an online pharmacy with its headquarters in Kolkata. It offers a digital healthcare and pharmacy platform backed by a network of over 490 pharmacies and backed by Japanese investors, namely Mitsubishi Corporation and Rohto Pharmaceuticals.
Ravi Iyer, Senior VP and Head – Corporate Development, Flipkart, said, “We are excited to enter this space through this investment in SastaSundar.com, a company that has helped millions of consumers through real products, a technology. We have established ourselves as a trusted partner for a .-powered platform, and a wide network.”
Flipkart said it aims to provide affordable and quality healthcare to the people of India. Flipkart Health+, the company said, will start with e-pharmacy and will add new healthcare services, including e-diagnostics and e-consultation, in the future.
The company said, “Flipkart Health+ will leverage the combined strengths of the Flipkart Group, including its pan-India reach and technology capabilities with SastaSundar’s deep expertise, to provide end-to-end offerings to consumers in the health-tech ecosystem.” can go.” a prepared statement.