Flipkart Health+ on March 15 has announced the appointment of Prashant Jhaveri as its chief executive officer (CEO). He is expected to lead Flipkart’s foray into the fast-growing healthcare sector in India.
Flipkart has launched its healthcare business in November 2021 and acquired SastaSundar in the same month for an undisclosed sum.
The company has estimated and spent $400-500 million on mergers and acquisitions (M&As) in the past 12-18 months. Ever since pandemic 2019, it has triggered the consolidation of the Indian healthcare industry and seen the entry of Reliance (Netmeds) and Tata (1mg).
The launch of Flipkart Health+ will be focusing to create an end-to-end digital healthcare platform. It will address the issues across the country at affordable and quality healthcare.
“There is immense opportunity to take healthcare to the deepest parts of India through the right technology solutions and consumer value propositions. With Flipkart Health+, I look forward to working with a talented team as we work towards solving accessibility and affordability of quality healthcare products and services for millions of customers in India,” Jhaveri said.
“As Flipkart Health+ begins its journey, we are pleased to welcome Prashant Jhaveri on board. His vast experience in the healthcare sector will be a great asset in the journey to build Flipkart Health+ as India’s premier tech-enabled healthcare platform for a billion-plus Indians, across the country,” Flipkart Health+’s Senior Vice-President and Head Ajay Veer Yadav said in a statement.
Before joining Flipkart Health+, Prashant was working as Chief Business Officer at Apollo Health and Lifestyle Limited, where he was responsible for growth, partnerships, and creating cross-functional synergies across different consumer-facing businesses and touchpoints.
Earlier, he served as the Chief Executive Officer and Chief Business Officer at MediBuddy, and previously, he also worked with Medi Assist Group and Reliance Health Ventures.
He holds Master of Business Administration (MBA) from Penn State University.