Pharmallama will be Flipkart’s next acquisition in the epharmacy house immediately after it obtained Kolkata-centered healthtech startup SastaSundar Market in November 2021
SastaSundar was renamed as Flipkart Overall health+ following the acquisition
Bengaluru-centered on-line pharmacy Pharmallama runs a cellular application that delivers remedies at customers’ doorstep
Flipkart is reportedly in the state-of-the-art phase of acquhiring Bengaluru-dependent on line pharmacy startup Pharmallama, run by the father or mother firm Mera Dawai Pvt Ltd.
Inc42 has achieved out to Flipkart on the improvement and will shortly update the tale with its reviews.
Started in June 2020 by Arjun Raghunandan, Deepesh Rajpal and Achintya Dayal, the Bengaluru-primarily based on the net pharmacy runs a cell application that delivers medications at customers’ doorstep.
Pharmallama delivers medicines as soon as a purchaser uploads a prescription on its app. The crew then packs the medications in distinctive presorted parcels, organized by day, time and dosages. The same gets shipped as soon as the startup confirms the medicines with prospects.
If materialised, Pharmallama will be Flipkart’s 2nd acquisition in the epharmacy space immediately after it obtained Kolkata-dependent healthtech startup SastaSundar Marketplace in November 2021. Following this acquisition, SastaSundar was renamed as Flipkart Overall health+. Nonetheless, SastaSundar even now owns a minority stake in Flipkart’s epharmacy business.
Pharmallama’s acquisition facts has come at a time when Flipkart is eyeing to increase its epharmacy organization viz Flipkart Wellbeing+ across the region. For the similar, it is focusing outside of Tier-I metropolitan areas to contend with its archrivals these types of as Tata-owned 1mg, Reliance-owned Netmeds and Amazon Pharmacy.
The country’s epharmacy place too has been in a tight spot with the Drug Controller Typical of India (DCGI) sending clearly show-cause notices to 20 on the internet pharmacies, such as Tata 1mg, Amazon, and Flipkart among some others. They have been accused of offering and distributing medicines in violation of the Medication and Cosmetics Act, 1940. For the uninitiated, the Medication and Cosmetics Act, 1940 regulates the import, producing and distribution of medicines in the place.
The DCGI even further asked the epharmacines to give clarification as to why action need to not be taken in opposition to them for contravening the guidelines.
Aside from the epharmacy space, the Walmart-backed ecommerce huge had created a few vital acquisitions as perfectly. For example, it obtained SaaS startup ANS Commerce in April 2022 and journey tech startup ClearTrip in April 2021.
Even more, we claimed about Flipkart’s early buyers Accel and Tiger World-wide arranging to exit the ecommerce huge for $1.5 Bn in mixture in January 2023. The move was aspect of Walmart’s ideas to infusing as much as $2.5 Bn in Flipkart and PhonePe,
Prior to this, Flipkart’s Singapore-based mother or father infused $90 Mn in its Indian marketplace arm, Flipkart Net. The new money infusion was designed into Flipkart Market Non-public Limited and Flipkart Private Limited, which are domiciled in Singapore.
Flipkart too attained some undesirable push for a the latest incident in which, reportedly, its supply agent Hemanth Naik was murdered by a consumer named Hemanth Datta before this month.
The incident transpired in Karnataka in which the purchaser received into an argument with a shipping agent though unpacking a parcel. Subsequent the argument, the accused stabbed the shipping and delivery boy, put his overall body in a gunny bag, poured petrol more than it and established it on hearth, HBL described.