India, Jan. 30 -- SastaSundar Ventures, which operates health-focussed digital platforms, has said that its partnership with ecommerce giant Flipkart is over now.
SastaSundar Healthbuddy, which is a subsidiary of SastaSundar Ventures, reclaimed the brand's intellectual property rights (IPR), along with non-compete rights, from Flipkart Health+ via its newly formed subsidiary SastaSundar Healthtech, SastaSundar's founder and executive chairman B L Mittal told news agency PTI.
Notably, Flipkart's subsidiary Flipkart Health had acquired a 75% stake in SastaSundar Healthbuddy in 2021.
In October 2024, SastaSundar Ventures informed the exchanges that SastaSundar Healthbuddy had entered into a share purchase agreement to sell its entire stak...
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