Pristyn Care Secures $12 Million in Series B Funding to Expand Its Network of Urban and Tier-2/3 City Medical Outposts

VCBeat (WeChat ID: vcbeat) has learned that on December 23, 2019, Indian healthcare service provider Pristyn Care announced the completion of a $12 million Series B financing round, with investors including Sequoia Capital India, Hummingbird Ventures, Greenoaks Capital, and AngelList.

Pristyn Care is a healthcare startup disrupting day-care procedures, co-founded by Harsimarbir Singh, Vaibhav Kapoor, and Garima Sawhney. With over 70 clinics and 250 medical partners, it currently provides on-site medical services in general surgery, ENT, urology, gynecology, vascular surgery, and cosmetic surgery. Pristyn Care’s young and passionate team targets the immense potential of the healthcare industry, leveraging cutting-edge technology to rebuild the ecosystem for day-care procedures.

It is reported that since its establishment in 2018, Pristyn Care has raised $16 million in funding, having secured its Series A financing in March 2019.

This funding will be used to expand the company’s urban medical outposts. Currently, Pristyn Care has expanded its urban medical outposts to 20 cities across India, including the National Capital Region, Hyderabad, Bengaluru, Chennai, Kolkata, Mumbai, Pune, and Bhopal. Pristyn Care plans to leverage this financing to extend its urban medical outposts to small and medium-sized towns and broaden its service specialties to include dermatology and orthopedics.

Pristyn Care’s town-based medical centers have successfully completed over 10,000 surgeries. Leveraging the medical infrastructure of partner hospitals and a day-care procedure ecosystem, patients can conveniently consult with physicians and receive specialized treatment at Pristyn Care’s on-site clinics.

Sequoia Capital India is a venture capital firm founded in 2000 and headquartered in Bangalore, India. The firm tends to invest in mature startups within the information technology sector. In the healthcare domain, it focuses on diagnostic services, healthcare IT, pharmaceuticals, genetics services, laboratory services, patient services, product development services, and technical support.

Hummingbird Ventures is a venture capital partner dedicated to helping outstanding entrepreneurs build rapidly growing technology companies.

Greenoaks Capital is committed to making long-term, concentrated investments in technology-driven industries worldwide.

AngelList is a fundraising platform and social network dedicated to connecting early-stage startups with investors.

(Compiled by: Chang Jia)