Flipkart plans to venture into healthcare with Flipkart Health +

Flipkart announced its entry into the healthcare segment on Friday and said it signed an agreement to acquire a majority stake in Sastasundar Marketplace, an online pharmacy.

The Walmart-controlled e-commerce firm said it entered the sector through the launch of Flipkart Health + and as part of this development, signed a definitive agreement to acquire a majority stake in Sastasundar Marketplace.

The Kolkata-based online pharmacy owns and operates SastaSundar.com. It offers a digital healthcare and pharmacy platform backed by a network of more than 490 pharmacies and is backed by investors from Japan, namely Mitsubishi Corporation and Rohto Pharmaceuticals.

Flipkart, Senior 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 thousands of consumers through products. Genuine products, an enhanced technology -Platform and a wide network “.

Flipkart said its goal is to provide the people of India with affordable and quality health care. Flipkart Health +, the company said, will start with electronic pharmacy and add new healthcare services, including electronic diagnosis and electronic consultation in the future.

Flipkart Health + will leverage the combined strengths of the Flipkart Group, including its reach and technology capabilities across India, with SastaSundar’s deep experience ‘to provide consumers with comprehensive offerings in the healthcare technology ecosystem, ”the company said. in a prepared statement.

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