Total amount raised
$177 Millions
Latest funding date
12/1/2021
Location
Pristyn Care has successfully raised significant funding through multiple rounds, with its latest being a Series E. The company has attracted a diverse group of investors, including Trifecta Capital and Kunal Shah.
Keep reading to explore the intricacies of Pristyn Care's fundraising journey and the investors backing this innovative healthcare platform.
What Is Pristyn Care?
Pristyn Care, founded in September 2018, is a healthcare startup based in Gurgaon, Haryana, India. The company was established by Garima Sawhney, Harsimarbir (Harsh) Singh, and Vaibhav Kapoor.
Specializing in elective surgery procedures, Pristyn Care leverages advanced technology to streamline day care surgeries. Their services span multiple specialties, including proctology, urology, ENT, gynecology, and vascular diseases.
With a workforce of 1001-5000 employees, Pristyn Care operates in over 45 cities across India, providing access to high-quality surgical care through a network of expert surgeons and state-of-the-art facilities.
How Much Funding Has Pristyn Care Raised?
- Series A
- Amount Raised: $4M
- Date: August 2019
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and expand initial operations.
- Series B
- Amount Raised: $12M
- Date: December 2019
- Lead Investors: Hummingbird Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Series C
- Amount Raised: $12M
- Date: September 2020
- Lead Investors: Epiq Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and invest in technology.
- Series D
- Amount Raised: $53M
- Date: April 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $550M
- Motivation Behind the Round: To support growth and expansion efforts.
- Series E
- Amount Raised: $96M
- Date: December 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: $1.4B
- Motivation Behind the Round: To adopt the latest surgical technologies and expand into new disease categories.
Total amount raised: $177M. Current valuation: $1.4B.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm that invests in early and growth-stage companies. It has a global presence with a strong focus on technology and innovation.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Google, Apple, WhatsApp.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. It is known for its aggressive investment strategy.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Epiq Capital
- Details: Epiq Capital is a venture capital firm that invests in technology-driven companies. It aims to support high-growth businesses with strategic capital.
- Investment Focus Areas: Technology-driven companies.
- Notable Investments: Not publicly disclosed.
- Hummingbird Ventures
- Details: Hummingbird Ventures is a venture capital firm that invests in early-stage technology companies. It has a strong track record of supporting innovative startups.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Deliveroo, Showpad, Peak Games.
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that focuses on early-stage investments. It aims to support companies with high growth potential.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Pristyn Care?
Pristyn Care stands at the cusp of significant growth opportunities. With the recent $96 million Series E funding, the company is poised to expand its minimally invasive surgery services and modernize partner-hospital infrastructure. The healthcare sector's increasing investment in technology-driven solutions presents a fertile ground for Pristyn Care to enhance its offerings and enter new disease categories.
Future fundraising seems promising, given the company's unicorn status and strong investor confidence. However, challenges such as integrating advanced surgical technologies and navigating regulatory landscapes could test Pristyn Care's resilience. Maintaining high-quality service while scaling operations will be crucial as they continue to attract substantial investment and explore strategic acquisitions.
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