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Flipkart to acquire online pharmacy marketplace

Friday 19 November 2021 13:29 CET | News

India-based ecommerce platform Flipkart has announced it will acquire online pharmacy startup SastaSundar to enter the healthcare segment in India.

Flipkart said it has signed definitive agreements to acquire a majority stake in SastaSundar, but did not disclose the size of the deal. Eight-year-old SastaSundar was last valued at USD 125 million in a financing round in 2019. The Kolkata-headquartered startup, which works with over 490 pharmacies, raised USD 48.2 million across several financial rounds prior to the current deal, according to research company Tracxn.

Flipkart said its healthcare vertical will be called Flipkart Health+. Flipkart’s planned foray into the healthcare space comes at a time when the market is seeing both consolidation and aggressive investments, according to techcrunch.com.


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Keywords: Flipkart, ecommerce, acquisition, startup, expansion
Categories: Payments & Commerce | Ecommerce
Countries: India
This article is part of category

Payments & Commerce