Ā ā¢Ā
Dexter Capital AdvisorsĀ ā¢Ā 1y
And itās official - Flipkart has exited the online pharmacy market after 3yrs! šš Ironically, Flipkart has not announced the move. Its partner in this business has. Let me explain in full depth. .. In 2021, Flipkart entered the Indian online pharmacy market by acquiring a 75% stake in Sastasundar Marketplace for Rs 1.15k crore. This was the e-com unit of listed Kolkata-based pharma distribution biggie - Sastasundar Ventures. After the transaction, Sastasundar was rebranded as Flipkart Health+. .. What was the plan? -> To leverage Flipkart's extensive logistics network and Sastasundar's deep pharma sourcing and distribution might offer medicine delivery -> Also, listed Sastasundar and its stock were supposed to benefit greatly, fulfilling the orders brought by Flipkart Health+ However, none of that happened, as it never became a priority area for Flipkart šš .. And the result is now evident. A little over 3yrs later, Sastasundar has announced Flipkartās decision to end the partnership. -> The e-com giant has returned the brandās IP rights and also waived the non-compete -> Hence, the Kolkata-based company is now in the process of relaunching its own app But, the competition here is fierce, with players like PharmEasy, 1mg, and Netmeds already deeply entrenched. Thus, it will be interesting to see how it all pans out. .. By the way, this approach by Sastasundar is very similar to PharmEasyās šš That giant is also one of Indiaās largest offline pharmaceutical distributors, in addition to being the online medicine delivery heavyweight most people know it for. Thus, it will be super interesting to see if Sastasundar can also scale to PharmEasyās size. What do you think? ..

Ā ā¢Ā
Dexter Capital AdvisorsĀ ā¢Ā 1y
Adani's warehousing plans need serious attention! šš And it has a special friend in this ride - Flipkart! But, to explain the big deal it is, you need to know about IndoSpace first. So, letās get going on a special insights-packed ride. Hereās a
See More
Ā ā¢Ā
Dexter Capital AdvisorsĀ ā¢Ā 1y
Itās worrying whatās happening to our highway construction targets and achievements šš In first 8 months of FY25, Govt spent just 55% of the Rs 2.72L crore capex targetted for the roads and highways sector. With just four months left, hitting the
See More
Ā ā¢Ā
Dexter Capital AdvisorsĀ ā¢Ā 1y
I fear we have another Byju's like disaster in The Good Glamm Group. So many similarities, itās worrisome šš TGGG, much like Byju's, has seen a high-profile exodus of the three largest investors as board members, signalling deep distress and mistr
See More
Turning daily strugg...Ā ā¢Ā 8m
š§¾ Ever tried running a pharmacy without tech support? I have. Itās chaos. ā Wrong billing ā Expired medicines ā No real-time stock updates ā No one to help I didnāt come from a pharma background. I just wanted to serve people with the right medici
See MoreĀ ā¢Ā
Dexter Capital AdvisorsĀ ā¢Ā 8m
Deepdive: In Dec 2024, I posted a viral deepdive on how Flipkart Minutes a very differentiated quick commerce platform, with over 50% of the orders in the 3 cities it was live in at that time being about 10-minute smartphone delivery. And with what
See MoreDownload the medial app to read full posts, comements and news.