India's leading e-commerce platform


Indian e-commerce giant Flipkart to get online pharmacy brand to enter healthcare industry

Walmart-backed Flipkart is forcing SastaSundar, an online pharmacy startup, to enter the healthcare sector in India as the battle for e-commerce intensifies in the world's second largest online marketplace.

Flipkart said it had signed definitive agreements to acquire a controlling stake in SastaSundar, but did not disclose the size of the agreement. The eight-year-old Sander Sundar was last valued at $ 125-125 million in a 2019 funding round. The Kolkata-based startup, which operates more than 490 pharmacies, raised $ 48.2 million in financial travel expenses for multiple trips in advance. According to research company Tracxn. …

India's leading e-commerce platform worth over $ 37 billion has announced that its vertical healthcare platform will be called Flipkart Health +. Flipkart's planned transition to healthcare comes at a time when the market is seeing both stability and aggressive investment.

Indian e-commerce giant Flipkart to get online pharmacy brand to enter healthcare industry

Amazon India, Flipkart's biggest competitor in India, started selling drugs in its market last year. Reliance Retail, India's largest retailer, bought the parent company of online pharmacy Netmeds last year. Collective competitor, Tata Digital, bought an online 1mg drug store in June.

Farm Easy, a well-known healthcare startup in the market, launched an initial public offering of $ 84.843 million earlier this month.

Bernstein analysts said in a report earlier this year that e-pharmacies now account for less than 5% of the pharmaceutical market and that its “growing awareness, digital access and online transactions in other categories. There is a lot of room for improvement with this structure. “He added: “Despite low penetration, there was a significant level of strength among departing players and M&A activities.”

Ravi Kant Sharma, Founder and CEO of Sasta Sundar, said taking over Flipkart was the fledgling company's mission to "bring affordable healthcare to all Indians in an easy way."

The Indian Internet Consumer Ecosystem is growing rapidly as consumers realize the possibilities and convenience that can digitally adapt them to their lives. At the same time, the available healthcare and secondary services are enormous. Opportunity and demand,”said Ravi Eyre, Senior Vice President, Flipkart and the chief business officer in a statement.

“We are thrilled to enter this space through our investment in, a company that has become a trusted partner to millions of customers through real products, technology platforms and vast networks.” Collaboration between Flipkart Group and SatsaSundar, together with our commitment to prioritizing the needs of our clients, has helped us develop and transform online healthcare in India. Everything is going well. "

Wajid Majeed

Freelancer, blogger, digital marketer, affiliate marketer, seo master,

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