Flipkart forays into healthcare, to acquire majority stake in Sastasundar
Kolkata: The Walmart-controlled Flipkart on Friday announced its entry into the healthcare segment and said it has signed an agreement to acquire a majority stake in Sastasundar Marketplace Ltd, an online pharmacy. The e-commerce firm said it entered into the sector through the launch of Flipkart Health+ and as part of this development, it has […]
Kolkata: The Walmart-controlled Flipkart on Friday announced its entry into the healthcare segment and said it has signed an agreement to acquire a majority stake in Sastasundar Marketplace Ltd, an online pharmacy.
The e-commerce firm said it entered into the sector through the launch of Flipkart Health+ and as part of this development, it has signed a definitive agreement to acquire a majority share in Sastasundar Marketplace Ltd.
The Kolkata-headquartered online pharmacy owns and operates SastaSundar.com.
It offers a digital healthcare and pharmacy platform supported by a network of more than 490 pharmacies and is backed by investors from Japan, namely Mitsubishi Corporation and Rohto Pharmaceuticals.
Flipkart, Sr VP and Head – Corporate Development, Ravi Iyer said, “We are excited to enter this 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.”
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .
