Pristyn Care: Surgical care firm, has raised $96 million in funding from Tiger Global and Sequoia Capital

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Pristine Treatment, a Gurugram-based healthcare business that provides cheap advanced surgical care, has raised $96 million in external capital at a valuation of $1.4 billion.

After Innovaccer, which was valued at $1.3 billion in February 2021, it is the second Indian health tech startup to join the unicorn club. In startup parlance, a unicorn is a firm worth one billion dollars or more.
Pristine Care was named the 42nd Indian unicorn by Business Insider last week.

Sequoia Capital, Tiger Global, Winter Capital, Epiq Capital, Hummingbird Ventures, and Trifecta Capital led Pristyn Care's Series E round. Kunal Shah of CRED, Deepinder Goual of Zomato, Abhiraj Singh Bhal of Urban Company, and Varun Alagh of Mamaearth all took part in the round.

It plans to use the funds to improve its offerings by using cutting-edge surgical technologies, expanding into new disease categories, reinforcing and updating partner-hospital infrastructure, training surgeons, and further developing its product and technology.

"We will continue to invest in innovative, world-class surgical technologies to promote speedier patient recovery, shorter hospital stays, and the smoothest operation experience possible for patients and their families," Pristyn Care cofounder Harsimarbir Singh said.

The Gurugram-based company also intends to grow geographically to over 50 locations and open 1000+ surgical centers. A portion of the investment will also be utilized to double the company's staff size and hire for technological positions.
Since April 2021, when it raised $53 million in a Series D round, the company's valuation has more than doubled.

Harsimarbir Singh, Vaibhav Kapoor, and Garima Sawhney created Pristyn Care in 2018. The organization has collaborated with 150 clinics and 700 hospitals in 40 locations to provide operations and therapy for proctology, urology, ENT, vascular, and gynecology, among other specialities.

In the fiscal year 2020, the Gurugram-based company had a revenue of 25.78 crores, with losses of 33 crores. In FY2019, it recorded a profit of 2 lakh and revenue of 3.43 crore.

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