Flipkart forays into healthcare, to acquire majority stake in Sastasundar

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.