This makes it the latest entrant to the prestigious
Clubs, or privately held companies, are valued at $1 billion or more.
The filing shows that the Gurugram-based company has raised $85 million from Sequoia Capital, Tiger Global, Winter Capital and other existing investors. It is in the process of filing documents for another $15 million – which it has already raised – in total. funding up to $100 million.
Sources said the company may consider raising another $15-$20 million round from a global investor.
“The company is looking at a term sheet, which could take the total round shape up to $120 million,” said a person with knowledge of the development.
ET was
to report first About the company’s fundraising plan on October 13th.
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Sequoia India is already an investor in the company.
Three year old startup has seen Evaluation doubled from April, when it
Raises $53 million from investors led by Tiger GlobalAt a valuation of approximately $550 million.
In September 2020, the company raised ₹86.14 crore ($4 million) in Series C funding led by Epic Capital, which includes Hummingbird Ventures, Redwood Trust and Sequoia Capital also participated.
The company — backed by Sequoia Capital, Epic Capital and Greenox Capital — raised $12 million in Series B funding in December 2019, while in June of the same year it raised $4 million as part of its Series A round.
Established by Harsimbir Singh, Vaibhav Kapoor and Garima Sahni to provide patient-centric healthcare services from disease to wellness, Pristine Care has grown 5 times since January this year. The company aims to expand to 1,000 surgical centers in over 50 cities.
ETtechIt currently has 150 clinics, over 700 partner hospitals and over 200 in-house super specialty surgeons for Proctology, Urology, ENT, Gynecology, Vascular, Laser and Laparoscopic surgeries.
The company operates in over 40 cities including Delhi NCR, Hyderabad, Bengaluru, Chennai, Kolkata and Mumbai. It has consulted over 1.7 million patients and is now a leader in secondary care surgery. Recently, the company said that the company is also looking at providing financial assistance to patients worth $ 300 million by FY 27.
Pristine is looking to build an ecosystem to provide surgical care. Apart from surgeries, the platform focuses on pre as well as post-up, doctor consultations, hospital admissions and surgical follow-up.
After the COVID-19 pandemic and the resulting lockdown affected healthcare businesses, Pristine took up telemedicine and online consultations and reopened her surgeries from June.
Healthcare and health tech companies have seen unprecedented growth due to the pandemic. In recent times, health tech companies such as Visit, ConnectedH, HealthPlix and mHealth have received early-stage funding from risk-averse investors.