Well-known US-based investment biggie Tiger Global Management has already led around $53 million in the healthcare startup Pristyn care. However, the series D funding round even saw participation from the startups who are existing investors Sequoia Capital Hummingbird Ventures and Epiq Capital.
In the last investment, the startup’s valuation has more than doubled to over $550 million, starting from around $250 million six months ago.
In 2018, it was founded by Harsimarbir Singh, Dr. Vaibhav Kapoor, and Dr. Garima Sawhney, this startup specializes in surgeries with a stack of services. The services involve diagnostics support, health insurance claim processing, and hospital admission paperwork, can pick up and drop for surgery, medicine delivery at home, and also free post-surgery consultation. Now, the company claims to have created a network which is over 300 surgeons and also completed 300,000 surgeries which were through its platform.
Scott Shleifer of Tiger Global Management mentioned, “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 (Singh) and his team.”
However, the startups are now offering over 50 surgeries and treatments. Currently, it is now in more than 30 cities in India.
With the new funds in the hand, Pristyn Care aimed at offering new surgery specialties with better patient care practices. Further, advance medical technology and minimally invasive surgeries and also help in expanding further in India.
Singh mentioned, “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 over 100 clinics and operate in over 400 hospitals to impart patient-first care for our surgery patients.”