Healthtech startup Pristyn Care has raised $96 million in Series E funding. This funding values startup at $1.4 billion making it a unicorn.
This funding round was led by Sequoia Capital, Tiger Global, Winter Capital, Epiq Capital, Hummingbird Ventures, and Trifecta Capital. Individual angel investors including Kunal Shah, Deepinder Goyal, Abhiraj Singh Bhal, and Varun Alagh also participated in the funding round.
“A large number of patients from small towns have to travel, sometimes hundreds of kilometres, to seek quality surgical care in nearby metro cities,” Dr. Garima Sawhney, co-founder, Pristyn Care, was quoted as saying said in the statement. “We aim to bridge this accessibility gap in the surgery space and take superior quality surgeries to patients in tier 2 & 3 cities of the nation.”
Pristyn Care is a three year old company that specializes in non-emergency surgeries. Funds will be used in adopting the latest surgical technologies and increasing footprints in more cities. It will also use a part of funds in strengthening and modernizing partner-hospital infrastructure and training surgeons. It aims to increase its footprint to over 50 cities and 1,000 surgical centers by March 2022.
Currently, the company operates more than 150 clinics and 700 partner hospitals with a panel of over 300 doctors. The company boasts that it has already scaled five times since January 2021. It also expects to be profitable in the next 12-18 months.
