Pristyn Care Raises $90-110 Million, Valuing Company at $1.2 Billion

Pristyn Care raises $90-110 million fund from Sequoia Investors US and Sequoia India which is already an investor in the company. The start-up may value $1.2-1.4 billion.

Pristyn Care is a Gurugam-based start-up, co-founded by Harsimarbir Singh along with doctors Garima Sawhney and Vaibhav Kapoor three years ago. They provide services like hospital paperwork, free-of-cost surgery consultation, diagnostics support, health insurance claim processing, cab pick-up and drop for surgery, and medicine home delivery. It controls more than 700 partnered hospitals along with 150 clinics and 200 surgeons for urology, vascular, laser, proctology, gynecology, and laparoscopic surgeries.

The start-up also operates over 40 cities across India such as Hyderabad, Mumbai, Chennai, NCR (National Capital Region), Mumbai, and Bengaluru. It also aims at hospital admission, pre, and post-surgical follow-up and expert doctor advice.

The healthcare platform started functioning again from June this year through online consultation and medicine after the Covid-19 pandemic.

The start-up said that they are planning to use this new fund from Tiger Global to widen their business with advance medical equipment, new surgery specialties, and brand infrastructure.

Mr. Singh said, “The biggest thing we are bullish on today is investing in software”. Pristyn Care already conducted 20,000 surgeries in 2020 plans to expand the figure this year. “We are launching EMR (electronic medical record) service only for our clinics where it becomes completely paperless”, he said.