InvestorQ : Why has Flipkart acquired health portal, SastaSundar.com?
Tisha Malhotra made post

Why has Flipkart acquired health portal, SastaSundar.com?

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Aashna Tripathi answered.
1 week ago
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Flipkart Health, the healthcare unit of Flipkart group, will acquire a majority stake in SastaSundar.com. 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.

SastaSundar.com had indicative valuations of $125 million based on the last round of funding that it had raised from Mitsubishi Corporation in November 2019. SastaSundar.com 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.

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