Posted by Bengaluru – Kolkata: The Flipkart Group has forayed into the healthcare sector with the launch of Flipkart Health+. With this new venture. the group has signed definitive agreements to acquire a majority stake in Sastasundar Marketplace Limited.
This marketplace owns and operates an online pharmacy and digital healthcare platform – SastaSundar.com. It focuses on providing consumers access to affordable and convenient healthcare.
B.L.Mittal and Ravi Kant Sharma founded SastaSundar in 2013. A network of more than 490 pharmacies is connected with SastaSundar.com to offer affordable and quality healthcare products in India.
It utilizes AI and data analytics technologies and integrates them with personal counselling through its network. This way, SastaSundar.com provides consumers comprehensive solutions for a wide range of healthcare needs.
Flipkart Health+ will leverage the combined strengths of the Flipkart Group and SastaSundar ’s deep expertise in health tech. It will start offering e-pharmacy and will add services such as e-diagnostics and e-consultation over time.
Flipkart’s new business unit will report to Flipkart veteran and SVP Ajay Veer Yadav.
“We are excited to enter healthcare space through this investment in SastaSundar.com – a company that has established itself as a trusted partner for lakhs of consumers through genuine products, a technology-powered platform and a wide network,” said Ravi Iyer, SVP and Head – Corporate Development, Flipkart,
“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,” said B.L.Mittal, Founder and Chairman – SastaSundar Healthbuddy Ltd.
“Through this partnership with Flipkart, we see an opportunity to further grow and reach a larger consumer base, using complementary technologies and logistics infrastructure,” commented Mittal.
“This partnership with Flipkart is a strong validation of the capabilities we have built and will accelerate SastaSundar’s mission to provide affordable healthcare to all Indians in a convenient manner,” added Ravi Kant Sharma, Founder and CEO, SastaSundar Healthbuddy Ltd.