2021 looks to be the hen that keeps supplying golden eggs in the type of unicorns. Additional than three dozen Indian startups have attained a valuation of $1 billion or a lot more this calendar year, and the development does not appear to close whenever before long. Wellbeing engineering startup Pristyn Care, which helps patients reserve surgical procedures on-line, turned the most current title on the listing following it elevated $100 million in its Collection E spherical, producing it the fourth healthtech unicorn this calendar year.
The fundraise came to light by way of company’s monetary documents with RoC. The improvement was 1st reported by Financial instances.
The round was led by Sequoia Capital and valued the Gurugram-based startup at $1.4 billion. Marquee traders Sequoia Funds, Tiger World-wide, Hummingbird Prospect Fund and Amber Winter season also participated in the round. Its valuation has doubled considering the fact that April when it was valued at $550 million immediately after elevating $53 million from buyers.
Pristyn Care elevated $85 million from Sequoia Funds, Tiger World wide, Winter Funds and other current buyers, in accordance to regulatory filings, and it is in the process of filing documents for yet another $15 million. Sequoia Cash invested $30 million, while Tiger World wide and Amber Wintertime poured in $20 million and $15 million respectively.
The healthtech sector has grown exponentially as the pandemic noticed men and women go on-line for telemedicine and online consultations. Pristine Treatment turned the 42nd Indian startup to enter the coveted unicorn club this year, and the fourth healthtech unicorn in 2021, pursuing the footsteps of Innovaccer, Remedy.healthy, and Pharmeasy.
The three-yr-outdated Pristine, established by Harsimarbir Singh, Vaibhav Kapoor and Garima Sawhney, specials with minimally invasive health care and surgical interventions. It presently has 150 clinics, partnered with about 700 hospitals and additional than 200 in-property tremendous speciality surgeons (who carried out 20,000 surgeries in 2020) to give client-centric healthcare companies, such as proctology, urology, ENT, gynaecology, vascular, laser, and laparoscopic surgeries and a lot more, and has clocked a expansion of five instances due to the fact January, and has clocked a expansion of 5 situations this calendar year. It designs to increase to 1,000 surgical centres across extra than 50 cities.
It gives cost-effective sophisticated surgical care to patients by progressive surgical procedures and restoration actions and is at the moment present in around 40 towns which includes Delhi NCR, Hyderabad, Bengaluru, Chennai, Kolkata and Mumbai. It is now increasing its products and services to Tier II and Tier III towns across the country.