Riddhi Bhattacharya, StingNewz Correspondent, Kolkata: Rohto Pharmaceutical Co., Ltd. (“Rohto”) Japan, today, announced a Capital and Business Alliance with Kolkata based SastaSundar Healthbuddy Limited, a wholly owned subsidiary of SastaSundar Ventures Limited, an NSE and BSE listed company, owning and operating SastaSundar.com, a leading digital network of healthcare in India. Rohto has invested $5 million (Rs 32.2 crores) in SastaSundar Healthbuddy Limited and is likely to make further investments as the business progresses.
Dr. Lekh Raj Juneja, Executive Vice-President & Global Head International Business of Rohto, Mr. B. L. Mittal, Founder & Executive Chairman, SastaSundar Healthbuddy Limited, His Excellency, Mr. Yasuhiko Tanaka(Acting Consulate General of Japan in Kolkata), Mr. Koji Suzuki, Managing Director, Rohto Pharma (India) Pvt. Ltd. & Mr. Ravi Kant Sharma, Managing Director & CEO, SastaSundar Healthbuddy Limited were present to announce this grand alliance.
Established in 1899, Rohto initially played a role in every customer’s welfare with its drugs including unique eye drops and gastrointestinal medicines. Later, the company successfully ventured into dermal medicines, skin care, and functional foods. Rohto, a global leader, selling and marketing its products in more than 120 countries, aspires to become a company that challenges itself for “healthy life span” through both advanced life science and daily lifestyle based on technological expertise. Rohto entered India in 2010, by establishing its wholly-owned subsidiary ‘Rohto Pharma (India) Pvt. Ltd.’, with its leading lip care brand ‘LipIce’. The following year it launched a range of products including ‘LipIce Color’ under its brand ‘LipIce’. Subsequently, it launched two new brands – ‘OXY’ specialised skin care range for men, and ‘Acnes’ for specialised acne care, in India.
SastaSundar.com is building India’s leading digital network of healthcare, managing efficient pharma & wellness products’ supply chain & connecting doctors, diagnostic services, healthcare clinics and health information services. Currently, SastaSundar.com is operating in West Bengal only and will expand to pan India.The digital network of SastaSundar.com is being built upon the online to offline model of healthcare delivery leveraging technology and inventory less service centre of the franchise called Healthbuddy. For the year ended March 2017, the GMV of SastaSundar.com was Rs.153 crores and it delivered close to 17 lacs orders. As on date, it has 178 Healthbuddy stores with 4.40 lacs registered customers. SastaSundar.com has portfolio of its own brand which includes unique line of customised health supplement called DNAVITA, authentic herbal products in the brand of Healthbuddy and toxin free beauty care – Zerotox. Apart from this product line, it has health information services through its channel “Know Health” which consists of Health Articles, Medicine Info and Substitute of Generic Medicines, Symptoms Checker and Health Tools. SastaSundar.com provides customised app using artificial intelligence and has unique service capability based upon health condition data.
“Rohto is looking for the expansion of its base in India with SastaSundar.com as its preferred partner in the e-commerce business. SastaSundar.com has shown significant growth in West Bengal in a short span since starting their operations and we were indeed impressed with their business model and hence decided to invest. Rohto will assist SastaSundar.com in scaling its operations pan-India with its global expertise. Rohto embraces this entrepreneurial opportunity as the friendship between the two great nations of India and Japan. With this alliance, we will in our small ways contribute towards attaining the Make-in-India and Digital India initiative”, said Dr. Lekh Raj Juneja, Exective Vice-President & Global Head International Business, Rohto Pharmaceutical Co., Ltd.
“At SastaSundar.com, we use knowledge and digital connectivity to reduce cost and add convenience in making available high quality medicines, healthcare products and services through fast online access and convenient home delivery process to make life simple and happy. West Bengal has a favourable business environment, which has helped in the growth of SastaSundar.com. We are extremely proud to have Rohto joining hands with us, which will be mutually beneficial. As we are on a growth path and looking for a pan-India expansion, starting with Delhi, where we plan to start our operations soon, our association with Rohto will help us in achieving our immediate goal”, said Mr. B. L. Mittal, Founder & Executive Chairman, SastaSundar Healthbuddy Limited.
SastaSundar aims to have a total of 250 Healthbuddy stores in West Bengal & 50 Healthbuddy stores in Delhi by March 2018.
“By utilising the network of SastaSundar we will be introducing well-acclaimed products from our global brands in the healthcare segment in India. This will also help us in expanding our footprints in India, which is a key emerging market for us”, added Dr. Juneja.
“Partnership of Rohto and SastaSundar.com will address one of the biggest problem of India – consistent access to affordable healthcare in a convenient manner”, added Mr. Mittal.
India is one of the largest manufacturers of medicines in the world and boasts of the best of doctors. Yet, the majority of Indians do not have access to consistent and affordable healthcare. This is where the association between Rohto and SastaSundar will play a major role in connecting the missing link by leveraging digital technology.