Pristyn Care funding
Healthtech startup Pristyn Care announced that it has raised $53 million in its Series D round of funding led by US investment fund Tiger Global Management, along with participation from existing investors, including Sequoia Capital, Hummingbird Ventures, and Epiq Capital.
The official statement claimed that the company’s valuation has crossed over $550 million with this round.
The Gurugram-based startup disclosed that the funds will be used to further its offering in medical technology and offer all kinds of minimally invasive procedures while growing the India footprint.
Established in 2018 by Dr. Vaibhav Kapoor, Dr. Garima Sawhney, and Harsimarbir Singh, Pristyn Care specializes in surgeries with a pile of services under its patient-first approach.
The startup provides end-to-end support services such as diagnostics support, complete health insurance, claim processing, hospital admission paperwork from the comfort of home, cab pick-up and drop for surgery, medicine delivery at home, and free post-surgery consultation.
Speaking about the investment, Dr. Vaibhav stated that the startup is now looking to invest in new medical technologies to provide world-class treatment to surgery patients.
“Our focus on scaling our surgery offerings and providing a seamless patient experience in India has enabled us to have helped treat more than half a million patients in the past 2.5 years. With this new capital, we plan to expand our surgery offerings in more cities and towns and attract international patients seeking treatment in India, treat new disease lines, and invest in brand building,” Harsimarbir Singh said in a statement.
According to the co-founder, the startup presently runs more than 100 clinics, operates in over 400 hospitals, and has over 300 expert surgeons on board. Currently, it offers surgeries for more than 50 diseases such as piles, gynecology, phimosis, varicose veins, DVT, hernia, sinus, gallstones, and cataracts among others using advanced medical technology such as Laser, Laparoscopy, Microdebriders.
Present in around 30 cities and towns, the startup has to date raised a total of $28 million in funding.
“By using technology to deliver differentiated experiences and outcomes, Pristyn Care has built the leading consumer-centric surgery provider in India. The market opportunity is huge, and we couldn’t be more excited to partner with Harsimarbir and his team,” said Scott Shleifer, Tiger Global Management.
Pristyn is recording a great performance with its valuation being doubled in just six months. It is exceptionally utilizing every opportunity to grow.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.
For publishing an advertorial article about your company on our website, drop an email at email@example.com