Corporate Updates

Gurugram-based startup Pristyn Care raises $12 mn in series B funding

Pristyn Care

Gurugram-based healthcare startup Pristyn Care has raised $12 million in a Series B funding round led by Sequoia Capital India, Hummingbird Ventures, Greenoaks Capital and AngelList.

Founded in 2018 by Harsimarbir Singh, Dr. Vaibhav Kapoor and Dr. Garima Sawhney, Pristyn’s platform currently employs doctors and partners with smaller hospitals to perform relatively non-critical surgeries such as hernia, piles and gall stone.

The startup would use the funding to expand its healthcare operations and improve technology capabilities. In June this year, the company had raised $4 million in Series A funding from Sequoia India.

“We have invested in building strong operational capability to extend advanced surgical care, not only to patients in metros but also to smaller cities such as Bhopal, Chandigarh, and Patna. With our asset-light and technology-enabled approach, we are able to bring down the cost of advance surgeries by almost 30-40%, compared to larger corporate hospitals,” said Singh.

Ashish Agrawal, Principal, Sequoia Capital India, was quoted by Mint as saying, “In the past year of our partnership, Pristyn has delivered great patient experience while growing the business aggressively with strong economics. The company has expanded its offerings both geographically and across specializations. Healthcare delivery in India is a large yet fragmented market where Pristyn is operating with a scalable model with good economics.”

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