Flipkart said it has signed definitive agreements to acquire a majority stake in SastaSundar. However, it did not disclose the size of the deal. Ravi Iyer, Senior Vice President and Head of Corporate Development at Flipkart said:
“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.”
India’s e-commerce platform is valued at over $37 billion and said its healthcare vertical will be called Flipkart Health+.