Pristyn Care Raises $53 Million In Funding With Valuation At $550 Million
Gurugram, April 20, 2021: Pristyn Care, a healthcare start-up specialising in Surgeries raised $53 million in Series-D round of funding led by US investment fund Tiger Global Management. Post this funding, Pristyn Care’s valuation rose to $550 + million, more than doubling from the $250 million it had been valued at 6 months ago. In the funding round, Tiger Global is joined by Pristyn Care’s existing investors Sequoia Capital, Hummingbird Ventures and Epiq Capital.
Since its inception in 2018, Pristyn Care has expanded its team to include 300+ expert surgeons with experience of ~ 300,000 surgeries between them. It currently performs surgeries for over 50+ diseases such as Piles, Gynecology, Phimosis, Varicose Veins, DVT, Hernia, Sinus, Gallstones, Cataract etc using advanced medical technology such as Laser, Laparoscopy, Microdebriders. It currently operates in 30+ Cities & Towns of India.
Harsimarbir (Harsh) Singh, Co-founder, Pristyn Care said, “We welcome Tiger Global in our new investment round. This trust alongside participation from existing investors Sequoia Capital, Hummingbird Ventures and Epiq Capital, firms the vision of Pristyn Care. Our laser sharp focus on scaling our surgery offerings and providing 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. We run 100+ Clinics and Operate in 400+ Hospitals to impart patient-first care for our Surgery patients”
The raised fund will enable Pristyn Care to continue providing best in class support and services for its fast – growing Surgery patients. In addition, the brand will scale up investment to advance its offering in medical technology and offer all kinds of minimally invasive procedures while expanding the India footprint.
In a short span of two and half years, the company has raised $28 million with investments from its valuable investors such as Sequoia Capital, Hummingbird, GreenOaks, Epiq Capital and Angel List.
Commenting on the investment, Scott Shleifer, Tiger Global Management, said,“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 (Harsh) and his team”
Under its patient-first approach for all its Surgery patients, Pristyn Care provides end-to- end patient-first 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.
“With this round, we will invest in newer medical technologies to provide world-class treatment and experience to our surgery patients. We will also increase treatments for newer disease lines and get more people access to top-quality medical care across the nation. Our 300+ Super Specialist Surgeons come with a wealth of experience having operated on the most complex cases. Right from metro to smaller towns we are committed to hire only the best Doctors to come join Pristyn Care” said Dr. Vaibhav Kapoor, Co-founder, Pristyn Care
