Flipkart Health eyes majority stake in e-pharmacy SastaSundar
- ByTejika Bajaj | November 20, 2021
The Walmart backed Flipkart group has announced its foray into the health marketplace with the launch of Flipkart Health +. The e-commerce giant recently announced the acquisition of a majority stake in SastaSundar Marketplace, an online pharmacy and digital healthcare platform.
The recent acquisition would allow Flipkart to combine synergies of both the organisations. While Flipkart would leverage its online presence and warehouse space, SastaSundar’s expertise in the health-care space would allow Flipkart Health + to establish itself as a key player in the health-care market.
The platform would allow individuals across the country to access affordable and quality healthcare starting with online pharmacy and further diversifying into e-consultations and e-diagnostics.
Expressing his views on the recent acquisition, the Founder and Chairman of SastaSundar, B.L. Mittal commented, “At SastaSundar.com we are focused on developing innovative ways to provide access to affordable healthcare easily and conveniently, building a trusted network for authentic medicines, diagnostics and wellness. Through this partnership with Flipkart, we see an opportunity to further grow and reach a larger consumer base, using complementary technologies and logistics infrastructure.”
Founded in 2013 by Ravi Kant Sharma and B.L. Mittal, SastaSundar is an online platform that allows consumers to access affordable and convenient healthcare through a network of 490 pharmacies. It aims to address the issues of access to affordable and quality healthcare in India by providing original products from authorized sources and delivering them across the country.
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