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Exclusive: Pristyn Care raises $4 Mn to scale in-house hospitals, preps for larger round

EntrackrEntrackr · 2d ago
Exclusive: Pristyn Care raises $4 Mn to scale in-house hospitals, preps for larger round
Medial

Pristyn Care, a surgery-focused hospital chain, has raised $4 million as part of a larger funding round to support its expansion of owned hospitals, according to company sources and internal documents seen by Entrackr. Entrackr has also gone through its regulatory filing, where the company board has passed a resolution to approve the issue of 34,280 Series E1 CCPS at an issue price of 10,038.16 each to raise the aforementioned sum. Existing investors Peak XV Partners and Hummingbird Ventures are investing in this fresh investment. The company was reportedly in talks to raise $100 million from new and existing investors. Pristyn Care has completed this infusion at an effective share price of Rs 10,038, the same as the last round, indicating the valuation remains unchanged. Pristyn Care has also increased its authorised capital to facilitate future fundraises and strengthen its financial foundation for continued growth. In the last four months, the company has opened eight owned hospitals. Pristyn now operates roughly 200,000 sq ft with about 450 beds. According to the company, more than 10 additional hospitals are slated to launch in the coming months, and the footprint is expected to double by December 2025. According to startup data intelligence platform TheKredible, Pristyn Care has raised approximately $180 million to date from investors including Peak XV Partners, Tiger Global, Epiq Capital, and others. In the fiscal year ended March 2024, the firm recorded over 30% growth in operating revenue to Rs 600 crore, while its losses remained steady at Rs 381 crore during the same period.

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Pristyn Care scales to 8 hospitals in 4 months

EntrackrEntrackr · 1m ago
Pristyn Care scales to 8 hospitals in 4 months
Medial

Pristyn Care has ramped up its hospital expansion strategy with the launch of three new digitally integrated hospitals in Gurgaon, Hyderabad, and Kochi, bringing its total number of owned facilities to eight, just four months after opening its first. This move also marks the startup’s entry into South India. Pristyn Care now operates a clinical footprint of 200,000 sq ft, comprising 400 beds, more than 20 modular operating theatres, over 50 ICU beds, and a team of over 550 medical professionals. The latest launch follows the company’s earlier announcement in February 2025, when it unveiled its first five hospitals within a span of just 75 days. That rapid rollout, focused around Delhi-NCR, was a significant pivot from Pristyn’s earlier asset-light model of partnering with hospitals to offering in-house surgical care. Now, with the addition of 90,000 sq ft across three cities, Pristyn is doubling down on its promise of accessible, seamless healthcare. Each new facility is being integrated with the company’s proprietary digital platform, which includes real-time clinical alerts, EMRs, express discharge tooling, and one-tap insurance approvals. “We are not starting from scratch; the technology is built and live. Our next task is to stitch it into each new hospital so patients experience shorter waits, clearer communication, and truly joined-up care," said Dr. Vaibhav Kapoor, Co-founder of Pristyn Care. Pristyn Care’s new hospitals bring tailored services to each city, Gurgaon boosts neonatal and women’s health; Hyderabad offers 24x7 trauma care and tech-led joint replacements; and Kochi adds emergency care with a riverside rehab wing for Kerala patients. Notably, Pristyn Care’s first hospital in Delhi hit double-digit profitability within eight weeks. With the strong performance metrics, the company is now targeting 50 hospitals by FY28, with upcoming launches in Mumbai, Bengaluru, and Pune.

We Empower Tier II, III Hospitals With Resource Optimisation & Standardisation Across 30+ Cities: Pristyn Care’s Dr Vaibhav Kapoor

Inc42Inc42 · 1y ago
We Empower Tier II, III Hospitals With Resource Optimisation & Standardisation Across 30+ Cities: Pristyn Care’s Dr Vaibhav Kapoor
Medial

Pristyn Care is a healthtech startup that aims to standardize surgeries and treatments in small and midsized hospitals, enabling them to provide the same quality of care as corporate hospital chains. By partnering with hospitals and clinics in various cities, Pristyn Care optimizes resources and ensures affordable patient care. The startup addresses the issue of low patient footfall and occupancy rates in smaller healthcare facilities in Tier II and III cities by connecting them with specialist doctors and providing access to high-end equipment. Pristyn Care also offers training programs for healthcare professionals to improve care quality and implements technology infrastructure for scalability and patient privacy.

Pristyn Care opens its first super-speciality hospital in South Delhi

EntrackrEntrackr · 5m ago
Pristyn Care opens its first super-speciality hospital in South Delhi
Medial

Pristyn Care opens its first super-speciality hospital in South Delhi Surgery-focused healthcare institution Pristyn Care has opened its first super-specialty hospital in South Delhi. With this, the Gurugram-based firm is expanding its infrastructure and deepening its commitment to advanced patient care. According to the company, the new hospital has four modular operating theaters with advanced technology, including a Level 3 NICU for newborn care. With the expansion, Pristyn Care is equipped to handle cosmetology and dermatology, offering a high-end setup for procedures such as anti-aging treatments, fat loss therapies, and CoolSculpting, along with a comprehensive range of laser treatments. In the last five years, Pristyn Care has conducted 300,000 surgeries. It now handles over 3 million patient interactions yearly, with 100,000 surgery registrations each month. Pristyn Care aims to establish 50 hospitals across 25 cities within the next three years, with plans to open 15 new hospitals in the coming year. The expansion will focus on key cities such as Delhi NCR, Bangalore, Hyderabad, Mumbai, Pune, Chennai, Patna, Coimbatore, Bhubaneswar, Chandigarh, Ahmedabad, and Kochi. Additionally, three new hospitals are set to be launched within the next four months. To support the growth, Pristyn Care aims to employ more than 3,500 healthcare professionals and 750 surgeons in the facilities. For the fiscal year ending in March 2024 (FY24), Pristyn Care’s operating revenue grew by 32.7% to Rs 601 crore from Rs 453 crore in FY23. In FY25, the company claims to have reduced its EBITDA burn by 60% year-over-year. In December 2021, the company secured $96 million from Peak XV Partners and Tiger Global to attain unicorn status.

Pristyn Care launches 5 hospitals in 75 days, eyes expansion to more metros

EntrackrEntrackr · 2m ago
Pristyn Care launches 5 hospitals in 75 days, eyes expansion to more metros
Medial

Pristyn Care launches 5 hospitals in 75 days, eyes expansion to more metros Healthcare startup Pristyn Care has launched five super-specialty hospitals across the National Capital Region (NCR) in just 75 days, a major expansion in its efforts to offer advanced patient care through its own infrastructure. The new facilities include two hospitals in Delhi's Safdarjung Enclave and Malviya Nagar, and one in Gurugram. Their launch comes just three weeks after Pristyn Care’s first hospital became profitable within two months of opening, according to the company’s press release. The new hospitals are outfitted with modular operating theatres, advanced diagnostic labs, critical-care units, and state-of-the-art medical equipment, as per the release. The expansion has also added over ten points to its Net Promoter Score. The company adds that the facilities now include fully equipped IVF laboratories and next-generation dermatology suites, strengthening its commitment to holistic healthcare and comprehensive patient wellness. “Our patient-centric technology speeds up admission, accelerates insurance approvals and discharge, and allows doctors to focus on compassionate treatment,” said Harsimarbir Singh, Co-founder of Pristyn Care. According to the startup, it’s now gearing up to take its owned-hospital model to other major metros, including Mumbai, Bengaluru, Hyderabad, Pune, Chennai, Ahmedabad, Patna, Chandigarh, and Coimbatore.

Even Healthcare scoops up $30 Mn in Series A led by Khosla Venture

EntrackrEntrackr · 8m ago
Even Healthcare scoops up $30 Mn in Series A led by Khosla Venture
Medial

Managed care provider Even Healthcare has raised $30 million in a Series A funding round led by Khosla Ventures, with participation from Founders Fund, 8VC, and Lachy Groom, among others. This round brings the company’s total funding to $50 million. The new capital will be used to launch hospital operations and scale patient care and resource processes, Even said in a press release. Entrackr had exclusively reported on this round in August. Previously, Even Healthcare raised $15 million from Alpha Wave and Aspada in November 2022, following an initial $5 million in seed capital led by Khosla Ventures in 2021. Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even Healthcare offers its members free consultations, diagnostic tests, and cashless hospitalization through its in-house clinical team, and insurance partners. According to the company, it only partners with hospitals that guarantee the care of its members in exchange for a recurring payment. The platform also offers personalized managed care programs and provides Even cards, which can be used to pay bills at its partner hospitals and labs. Even claims to have an advantage over medical insurance by offering unlimited OPD consultations and diagnostics. With a workforce of 300 employees, Even Healthcare claims to have grown its membership base to hundreds of thousands, generating $28 million (more than Rs 230 crore) in revenue 18 months after its commercial launch. Going forward, Even Healthcare plans to open three secondary-care-focused hospitals in Bengaluru. The move aims to reduce hospitalization risks via early risk profiling and managed care. While the healthcare market in India was valued at $372 billion in 2022, growing at a CAGR of 22%, private insurance still covers only a small portion of the population.

Exclusive: Even Healthcare raises $20 Mn led by Khosla Venture

EntrackrEntrackr · 11m ago
Exclusive: Even Healthcare raises $20 Mn led by Khosla Venture
Medial

Healthcare company Even Healthcare has raised Rs 169 crore (approximately $20 million) in a new round led by Khosla Ventures. The fresh funding for the Bengaluru-based firm has come after a gap of 20 months. The board at Even has passed a resolution to issue 2,17,589 preference shares at an issue price of Rs 7,762 each to raise Rs 169 crore or $20 million, its filing sourced from the Registrar of Companies shows. Khosla Ventures led the round with Rs 83.4 crore or $10 million while Pathfinder and Mercury Fund invested Rs 21.3 crore and 26.9 crore, respectively. Simon Fiduciaria, DLB Ventures, Lex Italia, 8 VC, Rainmatter fintech, and others cumulatively injected the rest amount. Even Healthcare has also expanded its employee stock option (ESOP) pool, adding new options that bring the total pool size to 1,35,000, according to a separate resolution filed by the company. According to Entrackr’s estimates, its ESOP size is worth $12 million. As per startup data intelligence platform TheKredible, the company has been valued at around Rs 753 crore or $91 million post-allotment. Even offers subscription-based plans to cover diagnostics, consultations, and hospitalization costs of up to Rs 50 lakh. According to the company, it only partners with those hospitals that guarantee the care of its members in exchange for a recurring payment. Launched by Mayank Banerjee, Matilde Giglio and Alessandro Lalongo, Even also offers personalized managed care programs and provides Even cards which can be used to pay bills at its partner hospitals and labs. Even claims to have an advantage over medical insurance as it provides unlimited OPD consultations and diagnostics. The company has raised approximately $40 million to date, including $15 million from Alpha Wave and Aspada in November 2022, and an initial $5 million in seed capital led by Khosla Ventures in 2021. Entrackr exclusively reported about its seed funding in July 2021.

Exclusive: Pilgrim raises $9 Mn with 3X valuation surge

EntrackrEntrackr · 11m ago
Exclusive: Pilgrim raises $9 Mn with 3X valuation surge
Medial

Beauty and personal care D2C firm Pilgrim has raised Rs 75 crore (approximately $9 million) in its extended Series B round led by Fireside and Vertex Ventures. The board at Pilgrim has passed a special resolution to issue 854 Series B1 and B2 preference shares at an issue price of Rs 8,77 655 each to raise Rs 75 crore or $9 million, its regulatory filing accessed from the Registrar of Companies shows. Fireside and Vertex Ventures pumped in Rs 25 crore and Rs 23 crore, respectively. NSFO Ventures, Mirabilis Investment, and NABS Vriddhi cumulatively invested Rs 27 crore during the round. The company will use these proceeds for expansion and general corporate purposes as decided by the board, the filings further added. According to the startup data intelligence platform TheKredible, the company’s valuation has soared to approximately Rs 2,075 crore (around $250 million) post-allotment. This marks an over threefold increase from its last funding round, of $20 million where the company was valued at $75 million. The firm may raise more funds in this round. With the recent funding, Fireside Ventures remains the largest external stakeholder with a 23% stake, followed by Vertex Ventures, which holds 11.2%. NSFO Ventures and Mirabilis Investment command 5.57% and 2.81% stakes, respectively. Founded by Anurag Kedia in 2019, Pilgrim offers more than 90 SKUs across face care, haircare, and skincare products, and fragrances in over 25,000 pin codes. The company said that it offers a wide range of products curated with ingredients from France, Korea, Spain, Australia, the Amazon Rainforest, and Swiss glaciers. The five-year-old firm has raised around $35 million across rounds including its $20 million Series B led by Vertex Ventures in 2023. The company posted 4.47X growth in scale to Rs 76 crore in FY23 from Rs 17 crore in FY22. In pursuit of growth, its losses also jumped 3X to Rs 23 crore in FY23. Pilgrim is yet to file annual results for FY24.

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