Flipkart Health+

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]

Flipkart Health+

Flipkart Health+ Website Screenshot
Formerly	SastaSundar Healthbuddy Limited
Company type	Public
Traded as	BSE: 533259 NSE: SASTASUNDR
Industry	Healthcare E-commerce
Founded	2013; 11 years ago (2013)
Founder	Banwari Lal Mittal Ravikant Sharma
Headquarters	Kolkata, West Bengal , India
Area served	India
Parent	SastaSundar Ventures Ltd[1]
Website	https://healthplus.flipkart.com/

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. Archived from the original on 10 August 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.