Gurgaon-headquartered Healthcare startup Pristyn Care, that aims to disrupt surgical industry in India, has raised US$4 million (about Rs 27.7 crore) in Series A round of funding from Sequoia Capital India.
Founded in 2018, by Harsimarbir (Harsh) Singh, a former UrbanClap Business Head and Mobikwik Head Of Strategy (Fintech Products), along with two Gold Medallist doctors (former Medanta, Max, CK Birla Hospital), Pristyn Careis building an Asset Light Surgical Ecosystem by leveraging technology and a set of simple yet powerful processes and operations. The startup wish to build an platform which can organize the world of day care procedures using some of the most advanced tech developments in the field of healthcare.
Pristyn Care, which offers patients elective surgeries across proctology, urology, gynaecology and ENT, will use the funds to expand its footprint, invest in technology and strengthen its medical capabilities and team of professionals, a statement said.
“There is a significant need to improve day-care procedures in India. We believe there is a huge opportunity in the healthcare sector,” Pristyn Care co-founder Harsimarbir Singh said.
Pristyn Care follows an asset light model, leveraging the medical infrastructure of existing partner hospitals and equipping them with medical equipment.
Currently operational in 20 clinics across Delhi, Bengaluru and Hyderabad, Prustyn plans to expand its clinic network to 50 by December 2019.
Last month, an another healthcare startup, CapBuild Clinical Skills, which too is based out of Gurgaon, had raised undisclosed funding from HealthStart India, an early stage investment micro VC and health sector accelerator. CapBuild offers state of the art hospital analytical skills.
Sequoia India, which is a India and Southeast Asia focussed VC fund from US-based Sequoia Capital, has made four investments last month and three were from India. Its recent investments since 1 May include Awfis Space Solution, Singapore-based Biofourmis, Healthkart and logistics startup blackbuck.
In April, Sequoia India participated in $17 million Series B funding round of Mad Street Den, the maker of Vue.ai, a platform for intelligent retail automation. At the same time, Mobile Premier League (MPL), a mobile eSports Platform raised US$35.5 Million in a funding round led by Sequoia India, Times Internet, and GoVentures.