Tiger Global invests in healthcare startup Pristyn Care, valuation more than doubles in six months
Tiger Global Managementhas led a $53 million round in healthcare startup Pristyn Care.
- The series D funding round also saw participation from the startup’s existing investors
Sequoia Capital, Hummingbird Venturesand Epiq Capital.
- With the latest investment, the startup’s valuation has more than doubled to over $550 million, from $250 million six months ago.
AdvertisementUS-based investment biggie Tiger Global Management has led a $53 million round in healthcare startup Pristyn Care. The series D funding round also saw participation from the startup’s existing investors Sequoia Capital, Hummingbird Ventures and Epiq Capital.
With the latest investment, the startup’s valuation has more than doubled to over $550 million, from $250 million six months ago.
Founded in 2018, by Harsimarbir Singh, Dr. Vaibhav Kapoor and Dr. Garima Sawhney, the startup specialises in surgeries with a stack of services. The services include diagnostics support, health-insurance claim processing, hospital admission paperwork, cab pick-up and drop for surgery, medicine delivery at home and free post-surgery consultation.
The company claims to have a network of over 300 surgeons and has completed 300,000 surgeries through its platform.
“By using technology to deliver differentiated experiences and outcomes, Pristyn Care has built the leading consumer-centric surgery provider in India. The market opportunity is huge, and we couldn't be more excited to partner with Harsimarbir (Singh) and his team,” said Scott Shleifer, of Tiger Global Management, in a statement.
The startup offers over 50 surgeries and treatments, and is present in over 30 cities in India.
With new funds in hand, Pristyn Care now aims to offer new surgery specialities with better patient care practices, advance medical technology and minimally invasive surgeries and to expand further in India.
“With this new capital, we plan to expand our surgery offerings in more cities and towns and attract international patients seeking treatment in India, treat new disease lines, and invest in brand building. We run over 100 clinics and operate in over 400 hospitals to impart patient-first care for our surgery patients,” said Singh, in a statement.
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