NEW DELHI: Pristyn Care, a healthcare start-up specialising in non-emergency surgeries has become the latest to join the ranks of India’s growing list of unicorns after it raised $96 million in a series E round led by Sequoia Capital and Tiger Global.
The valuation of Pristyn Care has more than doubled in the last seven months and with this funding is now at $1.4 billion. The Gurugram-based startup was valued at $550 million in April, when it raised $53 million in Series-D round of funding led by Tiger Global.
“We have built a rock-solid technology backbone that strengthens our patient-first initiatives such as end-to-end support services during the entire process of surgery, billing transparency and at-home insurance claim processing,” said Harsimarbir Singh, co-founder at Pristyn Care.
The company will use the fresh capital to expand into new disease categories, strengthening and modernizing partner-hospital infrastructure and training its 400 odd surgeons.
Winter Capital, Epiq Capital, Hummingbird Ventures and Trifecta Capital joined the funding round, along with angel investors such as Kunal Shah, founder & CEO at CRED, Deepinder Goyal, co-founder & CEO at Zomato and Abhiraj Singh Bhal, co-founder & CEO at Urban Company.
Apart from doubling its team size, planning to hire a sizable number of engineers, the three-year-old company plans to increase its geographical footprint by expanding to 50 cities and 1,000 surgical centres.
“We will invest in newer surgical technologies. We plan to expand our surgical offerings in more cities and towns as well as international patients seeking treatment in India,” said Vaibhav Kapoor, co-founder at Pristyn Care.
The company has scaled up by five times since January and is aiming to be profitable in 12-18 months.
The valuation of Pristyn Care has more than doubled in the last seven months and with this funding is now at $1.4 billion. The Gurugram-based startup was valued at $550 million in April, when it raised $53 million in Series-D round of funding led by Tiger Global.
“We have built a rock-solid technology backbone that strengthens our patient-first initiatives such as end-to-end support services during the entire process of surgery, billing transparency and at-home insurance claim processing,” said Harsimarbir Singh, co-founder at Pristyn Care.
The company will use the fresh capital to expand into new disease categories, strengthening and modernizing partner-hospital infrastructure and training its 400 odd surgeons.
Winter Capital, Epiq Capital, Hummingbird Ventures and Trifecta Capital joined the funding round, along with angel investors such as Kunal Shah, founder & CEO at CRED, Deepinder Goyal, co-founder & CEO at Zomato and Abhiraj Singh Bhal, co-founder & CEO at Urban Company.
Apart from doubling its team size, planning to hire a sizable number of engineers, the three-year-old company plans to increase its geographical footprint by expanding to 50 cities and 1,000 surgical centres.
“We will invest in newer surgical technologies. We plan to expand our surgical offerings in more cities and towns as well as international patients seeking treatment in India,” said Vaibhav Kapoor, co-founder at Pristyn Care.
The company has scaled up by five times since January and is aiming to be profitable in 12-18 months.
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