Pristyn Care becomes the 42nd startup to become a unicorn in 2021 by raising $96 million in a Series E round. Its valuation is now $1.4 billion, making it the latest digital health startup to become a unicorn.
Pristyn Care is a health-tech company based in Gurgaon that specializes in minimally invasive medical and surgical interventions. Its network currently spans seven metro cities-Mumbai, Pune, Delhi, Bengaluru, Hyderabad, Chennai, and Kolkata-and 33 tier 2 and 3 cities. It incorporates over 150 clinics and 700 partner hospitals.
The investors in this round of funding were Sequoia Capital, Tiger Global, Winter Capital, Epiq Capital, Hummingbird Ventures, and Trifecta Capital. Kunal Shah (founder and CEO of CRED) and Deepinder Goyal (co-founder and CEO of Zomato), Abhiraj Singh Bhal (co-founder & CEO of Urban Company), and Varun Alagh (co-founder & CEO of Mamaearth) are among the angel investors involved in this round.
By incorporating the latest surgical technologies, Pristin Care will be able to enhance its offerings. As part of its expansion plans, it would strengthen and modernize the infrastructure of its partner hospitals, train surgeons and develop new products and technologies.
Over 50 cities and towns will be added to the company’s geographic footprint by March 2022, along with 1,000 surgical centers. With technology as the company’s backbone, the company will hire highly qualified engineers, who will form a quarter of its new workforce.
The expansion plans we have in place and on track will enable us to achieve our goal of 1,000 surgical centers and 5 million patient interactions by March 2022,” said Pristyn Care co-founder Harsimarbir (Harsh) Singh.
To ensure the smoothest surgical experience for patients and their families, their surgeons will continue to invest in newer, world-class surgical technology.
Pristyn Care recently raised $53 million in a financing round led by Tiger Global Management. The deal spiked the company’s valuation to $550 million from $250 million six months ago. In addition to building a rock-solid technology backbone, Singh said his firm has developed patient-focused initiatives. The company offers end-to-end medical support services during the entire surgical process, billing transparency, at-home insurance claim processing and patients with the best possible care.
In order to provide world-class treatment and experience to our surgery patients, we will invest in newer surgical technologies,” says Dr. Vaibhav Kapoor, co-founder, Pristyn Care. The company aims to expand its surgical services in more cities and towns and to provide treatment to international patients in India as well. Pristyn Care’s 400 doctors have had plenty of experience handling the most complex cases. “We at Pristyn Care make a commitment to hiring only the best doctors in the world,” said Kapoor.
