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GURUGRAM, India, June 9, 2021 /PRNewswire/
Demand for health tech is expected to increase as the population of Indonesia gets more tech savvy and shifts from traditional methods to modern health tech services.
Entry of international health tech players into the Indonesian market is expected to drive the demand further, as the government begins to promote health tech services and thus, the market becomes more organized.
Increasing Demand for Doctors: The demand for General Practitioners, Specialized Doctors and other healthcare practitioners has increased over the years on these platforms. Supporting this trend, domestic platforms are partnering with more no. of doctors to provide availability of doctors across their platforms for the end users. As the spending budget of hospitals and clinics increases, it is expected that more healthcare IT solutions providers will enter the market, driving the demand. This will also ensure high increase in revenues in the
Tiger Global invests in healthcare startup Pristyn Care, valuation more than doubles in six months
Sanchita DashApr 20, 2021, 12:22 IST
Pristyn Care co-founders, Vaibhav Kapoor (L), Harsimarbir Singh (C) and Garima Sawhey (R)Pristyn Care
Tiger Global Management has led a $53 million round in healthcare startup
Pristyn Care.
Sequoia Capital,
Epiq Capital.
With the latest investment, the startup’s valuation has more than doubled to over $550 million, from $250 million six months ago.
US-based investment biggie Tiger Global Management has led a $53 million round in healthcare startup Pristyn Care. The series D funding round also saw participation from the startup’s existing investors Sequoia Capital, Hummingbird Ventures and Epiq Capital.
Tiger Global backs Pristyn Care at over $550 million valuation
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Synopsis
Pristyn Care s $53 million funding round has a minor secondary component of close to a million dollars which saw some employees take home small cheques, says Harsimarbir Singh, co-founder of the Gurgaon-based healthcare startup.
ETtech
Illustration: Rahul Awasthi
Mumbai: New York-based Tiger Global has invested more than $40 million in Pristyn Care s $53-million funding round that valued the Gurgaon-based healthcare startup at over $550 million. Existing investors Sequoia Capital India, Hummingbird Ventures, and Epiq Capital also participated in the Series D fundraise.
ET had first
reported about this funding round in its March 2 edition. Pristyn Care is Tiger Global s eleventh startup investment in India this year, five of these companies have become unicorns.
Read more about NIIF invests Rs 2,100 cr in Manipal Hospitals, its first in health space on Business Standard. Manipal Hospitals had signed a deal to acquire India biz of Columbia Asia Hospitals last year.