Gurugram-based healthcare delivery startup Pristyn Care has raised ₹28 crores ($4 million) in Series A funding round from Sequoia India. The startup plans to use the fresh capital to improve its medical capabilities, enhance its technology and expand its team of medical professionals.
Founded in 2018 by Harsimarbir Singh, Dr. Garima Sawhney, and Dr. Vaibhav Kapoor, the startup offers a range of elective surgeries across proctology, gynecology, urology, and ENT. The startup specializes in affordable and advanced surgical care through innovative surgical techniques and recovery measures.
“There is a significant need to improve day care procedures in India. Our vision is to transform the future of healthcare by using improved medical techniques, personalized patient care, and support that caters to the specialized medical requirements of patients,” said Harsimarbir Singh, co-founder of Pristyn Care.
Pristyn Care has facilitated more than 2000 surgeries to date. It has a team of doctors specializing in areas like minimal access surgery, laser, cosmetic & aesthetic gynecology, laparoscopic surgery, infertility, and onco gynecology. Pristyn Care is currently operational in 20 clinics across Delhi, Bangalore, and Hyderabad, the startup plans to expand its clinic network to 50 by December 2019.
“We believe there is a huge opportunity in the healthcare sector and are very excited that Sequoia India has bought into our vision. Our association with them will help us build world-class healthcare solutions for the Indian consumer,” he added.
Pristyn Care adopted an asset-light model by leveraging the medical infrastructure of existing partner hospitals. The startup equips the hospitals with state-of-the-art medical equipment and relevant technology to drive efficiency and scalability in their operations. It provides concierge services to seamlessly guide the patients through the entire medical journey from diagnosis to recovery.
According to a March 2019 report by IBEF, the healthcare market in India is expected to reach ₹26.04 lakh crores ($372 billion) by 2022. India’s competitive advantages lies in its large pool of medical professionals as well as being a cost competitive market compared to Asian, European and Western countries.