The Rohto Pharmaceutical-backed health product and services marketplace is set to receive $13.9m from Mitsubishi, according to a stock market filing.

Japan-headquartered diversified trading group Mitsubishi Corporation has agreed to invest Rs 1bn ($13.9m) in India-based online healthcare platform operator SastaSundar Healthbuddy, according to a stock exchange filing.

Founded in 2011, SastaSundar runs an online portal where users can access a range of health products and services including medicine, diagnostic testing, wellness products and counselling.

Banwari Lal Mittal, SastaSundar founder and chairman, said: “The global experience of Mitsubishi corporation will help us to scale our business and, between us, there is…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.