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/

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]

References

  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. June 2017. 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. ↑ Himatsingka, Anuradha. "SastaSundar.com opens their 200th Healthbuddy store in West Bengal". The Economic Times. Retrieved 10 August 2021.
  8. ↑ "What Type Of Shareholders Make Up Sastasundar Ventures Limited's (NSE:SASTASUNDR) Share Registry?". simplywall.st. 7 June 2021. Retrieved 10 August 2021.
  9. ↑ Himatsingka, Anuradha. "SastaSundar.com opens their 200th Healthbuddy store in West Bengal". The Economic Times. Retrieved 10 August 2021.
  10. ↑ "Flipkart appoints Prashant Jhaveri as CEO of healthcare business". The Economic Times. Retrieved 17 October 2022.
  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. 19 November 2021. Retrieved 8 April 2022.
  14. ↑ Sasta Sundar also supports small neighborhood pharmacies via the B2B platform, Retailer Shakti.
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