Health tech startup Pristyn Care turns unicorn after USD 100 Mn funding
Author : Pankaj Singh | Published Date : 2021-12-10
Pristyn Care has reportedly raised USD 100 million in a Series E funding round led by Sequoia Capital US. With the latest funding, Pristyn Care enters into the unicorn club at a valuation of USD 1.4 billion. The company intends to use the fresh funds for opening 1,000 surgical centers in over 50 locations.
The Gurugram-based Pristyn Care had previously raised USD 85 million from Sequoia Capital, Winter Capital, Tiger Global, and other existing investors. The firm is filing documentation for the recent USD 15 million funding, bringing the total amount raised to USD 100 million.
According to a reliable source, the company might extend the funding round to obtain the additional USD 15-20 million from a global investor, which may bring the overall round size to $120 million.
Since April, when it secured USD 53 million from investors led by Tiger Global for a valuation of about USD 550 million, the three-year-old business has seen its valuation double.
The company had raised USD 4 million in its Series C fundraise in September 2020, led by Epiq Capital, along with participation from Redwood Trust, Hummingbird Ventures, and Sequoia Capital.
Speaking of which, investors like Epiq Capital, Sequoia Capital, and Greenoaks Capital had raised USD 12 million in a Series B funding in December 2019, and USD 4 million in its Series A round in June the same year.
For those unaware, Pristyn Care was founded by Harsimarbir Singh, Garima Sawhney, and Vaibhav Kapoor to deliver patient-centric healthcare services from disease to health and has expanded five times since January this year.
It is worth mentioning here that the firm currently runs 150 clinics, has 700 partner hospitals, and employs over 200 in-house super specialist surgeons for proctology, ENT, urology, gynecology, laser, vascular, and laparoscopic operations in several locations including Hyderabad, Delhi NCR, Bengaluru, Kolkata, Chennai, and Mumbai.
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About Author
Pankaj Singh . .
Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605
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