Bengaluru: As part of this development, the Flipkart Group has signed definitive agreements to acquire a majority share in Sastasundar Marketplace, which owns and operates SastaSundar.com, an online pharmacy and digital healthcare platform, the company said in a statement.
The new venture builds on Flipkart's efforts to address the growing consumer Internet ecosystem, providing end-to-end offerings from travel to healthcare as digital technologies continue to democratize access to products and services. "The consumer internet ecosystem in India is growing rapidly as consumers recognize the opportunities and convenience that digital adoption is enabling in their lives. With growing awareness and focus on health heightened by the pandemic, there is a large opportunity and demand for affordable healthcare and ancillary offerings.
"We are excited to enter this space through this investment in SastaSundar.com, a company that has established itself as a trusted partner for lakhs of consumers through genuine products, a technology-powered platform and a wide network. "The synergies between the Flipkart Group and SatsaSundar.com, combined with our commitment to prioritize our customer's needs, will help us grow and transform online healthcare in India," said Ravi Iyer, Senior Vice President and Head -- Corporate Development, Flipkart, in the statement.