SastaSundar in talks to raise $100 million

It expects to line up round $25 million in calendar yr 2021 itself in a bid to construct a battle chest for increasing its well being companies throughout India amid the raging Covid pandemic, a high firm government stated.

The corporate, whose cell app has seen over two million downloads, will shortly register with the National Health Authority (NHA), even because it prepares to run customised Covid-19 vaccination camps at large company workplaces and enormous housing complexes with associate hospital chains throughout the nation. “We’re speaking to our Japanese traders, Mitsubishi Corp and Rohto Pharma and a number of other different main world PE companies to lift one other $100 million in a number of tranches as a part of a fourth spherical of funding,” SastaSundar‘s founder and government chairman BL Mittal instructed ET. The corporate is concentrating on elevating the funds over two years.