Flipkart Health+ Explained

Flipkart Health+
Former Name:SastaSundar Healthbuddy Limited
Type:Public
Industry:
Founder:Banwari Lal Mittal
Ravikant Sharma
Hq Location City:Kolkata, West Bengal
Hq Location Country:India
Area Served:India
Parent:SastaSundar Ventures Ltd[1]
Website:https://healthplus.flipkart.com/

Flipkart Health+ (formerly known as SastaSundar Healthbuddy Limited),[2] is a e-commerce platform dealing in healthcare, online pharmacy, diagnostics and e-consultation in India.[3] [4] The company was co-founded in 2013, by Banwari Lal Mittal and Ravi Kant Sharma with the name SastaSundar Healthbuddy in Kolkata.[5] On 1 April 2022 Flipkart acquired a majority stake in SastaSundar making it a Walmart-owned company.[6]

History

SastaSundar Healthbuddy Limited, started as an online pharmacy in 2013. The company is based out of Kolkata, India.[7] The company is a subsidiary of SastaSundar Ventures Limited, established in 2014.[8] As per media reports, the company operates over 200 stores in India.[9] Flipkart health+ appoints Prashant Jhaveri as CEO on March 15, 2022.[10]

Funding

In May 2017, SastaSundar received ₹33.4 crore funding from Japan-based pharmaceutical company Rohto Pharmaceutical.[11] In Aug 2019, Mitsubishi Corporation invested ₹100 crore in the company.[12] In November 2021, Flipkart Health acquired Sastasundar Healthbuddy for undisclosed sum.[13] [14]

Notes and References

  1. News: SastaSundar e-pharmacy to expand market presence . 23 September 2021 . Business Line . en.
  2. News: Flipkart Forays Into Healthcare Sector With New Flipkart Health+ App .
  3. Web site: Leader. The Weekend. How a part-time Hindi typist earning Rs 1,800 per month built a Rs 111 crore turnover company. 2021-08-10. www.theweekendleader.com. English.
  4. Web site: Kolkata-based e-pharmacy SastaSundar gears up for expansion. 2021-08-10. @businessline. June 2017 . en.
  5. Web site: Leader . The Weekend . How a part-time Hindi typist earning Rs 1,800 per month built a Rs 111 crore turnover company . 2022-10-17 . www.theweekendleader.com . English.
  6. Web site: Flipkart Health completes acquisition of 75.1% stake in Sastasundar Marketplace . 2022-10-17 . www.indiainfoline.com . en.
  7. News: Himatsingka. Anuradha. SastaSundar.com opens their 200th Healthbuddy store in West Bengal. The Economic Times. 2021-08-10.
  8. Web site: What Type Of Shareholders Make Up Sastasundar Ventures Limited's (NSE:SASTASUNDR) Share Registry?. 2021-08-10. simplywall.st. 7 June 2021. 10 August 2021. https://web.archive.org/web/20210810182412/https://simplywall.st/stocks/in/retail/nse-sastasundr/sastasundar-ventures-shares/news/what-type-of-shareholders-make-up-sastasundar-ventures-limit. dead.
  9. News: Himatsingka. Anuradha. SastaSundar.com opens their 200th Healthbuddy store in West Bengal. The Economic Times. 2021-08-10.
  10. News: Flipkart appoints Prashant Jhaveri as CEO of healthcare business . The Economic Times . 2022-10-17.
  11. Web site: 2017-05-30. Japan Based Rohto Invests $5 Mn In Online Pharmacy SastaSundar. 2021-08-10. Inc42 Media. en-US.
  12. Web site: tnn. 27 August 2019. Mitsubishi Corp invests Rs 100cr in SastaSundar Kolkata News - Times of India. 2021-08-10. The Times of India. en.
  13. Web site: Flipkart Health acquires Sastasundar Healthbuddy for undisclosed sum . 2022-04-08 . www.thehindubusinessline.com . 19 November 2021 . en.
  14. https://inc42.com/buzz/flipkarts-ekart-to-now-offer-logistics-services-to-other-brands-sellers/#:~:text=Besides%20this%2C%20the%20platform%20also%20supports%20small%20neighbourhood%C2%A0%20pharmacies%20via%20the%20B2B%20platform%2C%20Retailer%20Shakti. Sasta Sundar also supports small neighborhood pharmacies via the B2B platform, Retailer Shakti.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Flipkart Health+".

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