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Flipkart enters crowded healthtech sector with SastaSundar acquisition Mumbai: The Flipkart Group has signed a deal to acquire a majority stake in online pharmacy Sastasundar Marketplace to launch its own healthcare business amid a pandemic-triggered consolidation in India’s healthtech industry. Flipkart Health+, as the new entity will be known, will leverage the Walmart Inc.-controlled company’s ....
Tata Digital, a wholly owned subsidiary of India s largest conglomerate, wrapped up two startup deals this week, while Indian SaaS startups clocked the biggest funding rounds. ....
The Tata-1mg deal comes when Reliance Industries has entered the online pharmacy space by acquiring Netmeds while PharmEasy merged with smaller rival Medlife ahead of an IPO. ....
Synopsis The cash infusion is part of a $1.2 billion Tata-BigBasket deal, which will see the conglomerate acquire 60% stake in the online grocery firm. Tata Group is also close to finalising a $200-250 million investment in e-pharmacy 1mg. ETtech Tata Group is taking the acquisitions route to boost its super app plan. (Illustration: Rahul Awasthi/ETtech) Mumbai | Bengaluru: The Tata Group has finalised a $200-250 million primary cash infusion in BigBasket as part of its larger deal to acquire a majority stake in India’s biggest online grocery company, said people with knowledge of the matter. The group is also said to be closing in on a majority stake in online pharmacy 1mg. ....