According to company sources and internal documents, Pristyn Care, a chain of hospitals specializing in surgery, has raised $4 million as part of a larger funding round to support its expansion of owned hospitals.

In order to raise the aforementioned amount, sources has also reviewed its regulatory filing, in which the company board approved the issuance of 34,280 Series E1 CCPS at an issue price of 10,038.16 each.

Key Highlights

• Pristyn Care secured $4 M Series A led by Sequoia India to enhance surgical infrastructure and tech.
• Funds allocated to expand clinic network across Delhi, Bengaluru, Hyderabad and bolster in‑house medical team.

This new investment is being made by current investors Peak XV Partners and Hummingbird Ventures. According to reports, the business was negotiating to raise $100 million from both current and potential investors.

Similar to the previous round, Pristyn Care completed this infusion at an effective share price of Rs 10,038, indicating that the valuation has not changed. In order to support upcoming fundraising efforts and fortify its financial base for future expansion, Pristyn Care has also raised its authorized capital.

The company has opened eight of its own hospitals in the past four months.  Pristyn currently has 450 beds spread across about 200,000 square feet. The company estimates that by December 2025, the footprint will have doubled, with over ten more hospitals set to open in the upcoming months.

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To date, Pristyn Care has raised about $180 million from investors such as Peak XV Partners, Tiger Global, Epiq Capital, and others, according to startup data intelligence platform TheKredible. 

The company's operating revenue increased by more than 30% to Rs 600 crore in the fiscal year that ended in March 2024, but its losses stayed constant at Rs 381 crore.