InvestorQ : Why has Flipkart acquired health portal,
Tisha Malhotra made post

Why has Flipkart acquired health portal,

Aashna Tripathi answered.
1 week ago

Flipkart Health, the healthcare unit of Flipkart group, will acquire a majority stake in The target company is an online pharmacy and digital health platform, although the deal size was not disclosed. Post the merger, Flipkart will start also offering e-pharmacy services and add healthcare verticals like e-diagnostics and e-consultation on its palate, which have become big opportunities in the post-COVID scenario. had indicative valuations of $125 million based on the last round of funding that it had raised from Mitsubishi Corporation in November 2019. currently offers a digital healthcare and pharmacy platform with a wide network of 490 pharmacies under its banner. With focus on health heightened by the pandemic, there is a huge opportunity and demand for affordable healthcare and Flipkart is the perfect platform.