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Pristyn Care in talks to raise up to $100 million in a new funding round

Livemint

Livemint · 6m ago

Pristyn Care in talks to raise up to $100 million in a new funding round

Pristyn Care, backed by Peak XV Partners, is in early discussions to raise up to $100 million for expansion. The health-tech firm, aiming for a public offering in three years, plans to use the funds for growth, tapping global investors and high-net-worth individuals. Earlier, the company joined the unicorn club with a $1.4 billion valuation. Despite recent layoffs and legal challenges, Pristyn Care seeks to capitalize on increasing healthcare sector investments in India.

Related News

Lybrate founders move US court for arbitration against Pristyn Care

Livemint

Livemint · 1y ago

Lybrate founders move US court for arbitration against Pristyn Care

The founders of Lybrate Inc. have initiated arbitration proceedings against healthcare startup Pristyn Care, accusing it of failing to fully pay for the acquisition of their company. They plan to seek over $13 million in damages in the arbitration. Pristyn Care, which acquired Lybrate last year, allegedly paid only $1.5 million out of the agreed $8 million in the first tranche, leaving a balance payment of $3.5 million. Pristyn Care denies owing any payments to the Lybrate founders.

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

Entrackr

Entrackr · 4m ago

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

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.

Social gaming and live streaming app Eloelo in talks to raise $15 Mn

Entrackr

Entrackr · 1y ago

Social gaming and live streaming app Eloelo in talks to raise $15 Mn

Bengaluru-based social gaming and live streaming platform Eloelo is reportedly in advanced talks to raise $15-20 million from both new and existing investors, including Lumikai Fund, WaterBridge, and KB Global Platform. The company, which offers live games and entertainment formats, aims to reach 50 million users by the end of 2023. Eloelo previously secured $13 million in a Series A round in June 2022 and has raised approximately $16 million in total funding. The current funding round is said to value the company at around $100 million.

Bare Anatomy's parent Innovist eyes $15 mn in a new funding round

Livemint

Livemint · 4m ago

Bare Anatomy's parent Innovist eyes $15 mn in a new funding round

Innovist, owner of the hair care brand Bare Anatomy, is in discussions to raise over $15 million in a primarily new investor-led funding round. The funds will support its expansion plans, including product innovation. Innovist, which also owns brands like Chemist at Play, reported FY23 revenue of ₹39.3 crore but increased losses. The beauty and personal care sector is seeing consolidation amidst challenges in securing follow-up funding. However, some mid-market firms continue closing successful funding rounds.

Pristyn Care scales to 8 hospitals in 4 months

Entrackr

Entrackr · 9d ago

Pristyn Care scales to 8 hospitals in 4 months

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.

Trading Platform Dhan’s Parent Eyes Unicorn Tag With $100 Mn Funding

Inc42 · 11m ago

Trading Platform Dhan’s Parent Eyes Unicorn Tag With $100 Mn Funding

Raise Financial Services, the company behind the stock trading platform Dhan, is in talks to raise approximately $100 million in a funding round. This would value the company at around $1.2-1.5 billion, allowing it to join the ranks of unicorns. Avendus has been enlisted to handle the transaction mandate, although discussions are still in early stages.

Pocket FM set to raise $80-100 Mn in new funding

Entrackr

Entrackr · 1y ago

Pocket FM set to raise $80-100 Mn in new funding

Pocket FM, an audio series platform, is reportedly in talks to raise $80-100 million in a new funding round. The Bengaluru-based company has seen rapid growth, with its Android and iOS apps accumulating around 33 million downloads in 2023. Lightspeed growth fund is said to be co-leading the funding round, along with other investors, and existing backers such as Tanglin, Goodwater, and Naver are expected to contribute as well. Pocket FM plans to use the funds for growth in global markets and expand its presence in more countries.

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

Entrackr

Entrackr · 1m ago

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

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.

OpenAI in talks to raise new funding at $100 billion valuation

Economic Times

Economic Times · 1y ago

OpenAI in talks to raise new funding at $100 billion valuation

OpenAI is reportedly in discussions to raise a new round of funding that could value the artificial intelligence company at $100 billion. The talks come as OpenAI continues to make advancements in the field of AI and machine learning, with its GPT-3 language model gaining considerable attention. The funding would provide OpenAI with additional resources to further its research and development efforts.

Auditor picks holes in Pristyn Care’s ‘internal controls’

Livemint

Livemint · 1y ago

Auditor picks holes in Pristyn Care’s ‘internal controls’

The latest financial audit of healthcare startup Pristyn Care revealed "material weaknesses" in its internal controls, although the auditor deemed the financial statements to present a "true and fair view." The audit identified concerns with pricing accuracy, agreements with doctors, and the vendor selection process. These deficiencies could lead to revenue and expense misstatements, incorrect disbursements, and unfavorable terms with vendors. The auditor's qualified opinion highlights the importance of strong internal controls for accurate financial reporting. Pristyn Care, valued at $1.4 billion, has raised $177 million in funding rounds.

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