Flipkart Health+

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]

Flipkart Health+
FormerlySastaSundar Healthbuddy Limited
TypePublic
Industry
Founded2013 (2013)
FounderBanwari Lal Mittal
Ravikant Sharma
Headquarters
Kolkata, West Bengal
,
India
Area served
India
ParentSastaSundar Ventures Ltd[1]
Websitehttps://healthplus.flipkart.com/

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]

Flipkart health+ appoints Prashant Jhaveri as CEO on March 15, 2022.[7]

History

SastaSundar Healthbuddy Limited, started as an online pharmacy in 2013. The company is based out of Kolkata, India.[8]

The company is a subsidiary of SastaSundar Ventures Limited, established in 2014.[9] The company has more than 200 stores in India.[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]

References

[14]

  1. "SastaSundar e-pharmacy to expand market presence". Business Line. Retrieved 23 September 2021.
  2. "Flipkart Forays Into Healthcare Sector With New Flipkart Health+ App".
  3. Leader, The Weekend. "How a part-time Hindi typist earning Rs 1,800 per month built a Rs 111 crore turnover company". www.theweekendleader.com. Retrieved 10 August 2021.
  4. "Kolkata-based e-pharmacy SastaSundar gears up for expansion". @businessline. Retrieved 10 August 2021.
  5. Leader, The Weekend. "How a part-time Hindi typist earning Rs 1,800 per month built a Rs 111 crore turnover company". www.theweekendleader.com. Retrieved 17 October 2022.
  6. "Flipkart Health completes acquisition of 75.1% stake in Sastasundar Marketplace". www.indiainfoline.com. Retrieved 17 October 2022.
  7. "Flipkart appoints Prashant Jhaveri as CEO of healthcare business". The Economic Times. Retrieved 17 October 2022.
  8. Himatsingka, Anuradha. "SastaSundar.com opens their 200th Healthbuddy store in West Bengal". The Economic Times. Retrieved 10 August 2021.
  9. "What Type Of Shareholders Make Up Sastasundar Ventures Limited's (NSE:SASTASUNDR) Share Registry?". simplywall.st. Retrieved 10 August 2021.
  10. Himatsingka, Anuradha. "SastaSundar.com opens their 200th Healthbuddy store in West Bengal". The Economic Times. Retrieved 10 August 2021.
  11. "Japan Based Rohto Invests $5 Mn In Online Pharmacy SastaSundar". Inc42 Media. 30 May 2017. Retrieved 10 August 2021.
  12. "Mitsubishi Corp invests Rs 100cr in SastaSundar | Kolkata News - Times of India". The Times of India. tnn. 27 August 2019. Retrieved 10 August 2021.
  13. "Flipkart Health acquires Sastasundar Healthbuddy for undisclosed sum". www.thehindubusinessline.com. Retrieved 8 April 2022.
  14. Sasta Sundar also supports small neighborhood pharmacies via the B2B platform, Retailer Shakti.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.