Jhaveri previously worked with Apollo Health and Lifestyle Limited as its chief business officer and was responsible for growth and partnership. He also served as CEO of MediBuddy and CBO for the Medi Assist Group in previous stints.
His appointment comes as Flipkart is scaling up many of its new businesses this year. The company is estimated to have spent $400-500 million on mergers and acquisitions (M&As) over the past 12-18 months, having acquired travel platform Cleartrip and invested in Ninjacart. The pandemic has triggered consolidation in the Indian healthcare industry and seen the entry of large players such as Reliance (Netmeds) and Tata (1mg).
Flipkart launched its healthcare business in November 2021 and acquired SastaSundar in the same month for an undisclosed sum.
“There is an immense opportunity to take healthcare to the deepest parts of India through the right technology solutions and consumer value propositions,” said Jhaveri. “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.”
“As Flipkart Health+ begins its journey, we are pleased to welcome Prashant on board,” said Ajay Veer Yadav, senior vice president and head of Flipkart Health+. “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.”