Lybrate, a healthcare startup, has been bought by Pristyn Care. As a result of the acquisition, Pristyn Care will expand its healthcare offerings and begin providing primary healthcare services to its patients.
Pristyn Care, a healthtech unicorn, has purchased New Delhi-based healthcare firm Lybrate for an undisclosed sum. As part of the agreement, Lybrate’s complete workforce of 150 experts will join Pristyn Care.
Pristyn Care will expand its healthcare offerings and begin providing primary healthcare services to its patients as a result of the acquisition. In addition, the two firms intend to consolidate their activities in the near future.
According to Pristyn Care, the transaction will expedite the company’s expansion objectives by expanding beyond its existing network of 800 fully-operative secondary surgery care centers and foraying into primary care through digital and online consultation services.
Pristyn, a Gurugram-based company founded in 2018 by Vaibhav Kapoor, Harsimarbir Singh, and Garima Sawhney, provides surgery care to patients through innovative medical technologies and recuperation techniques.
Harsimarbir Singh, CEO of Lybrate, stated, “We honestly believe there is a big hunger for innovation and growth in healthcare, and comparable acquisitions will assist consolidate, expand, and grow healthcare delivery assets. This collaboration will result in enhanced access to primary care through competent doctors, online consultation services, and a better patient experience.”
Pristyn Care claims to have worked with over 800 hospitals and over 400 skilled surgeons. These surgeons treat patients in 42 cities across India using modern technologies such as lasers, microdebriders, and lasik.
Pristyn Care received $96 million in funding from Sequoia Capital, Tiger Global, Winter Capital, Eriq Capital, Hummingbird Ventures, Kunal Shah, Deepinder Goyal, and Abhijraj Singh Bhal in December of last year. Following the round, its post-money valuation skyrocketed to $1.4 Bn, propelling it into the unicorn club.
Lybrate, founded in 2014 by Saurabh Arora and Rahul Narang, provides users with online doctor consultation and pathology services. It also sells healthcare and wellness products through its website. Lybrate’s platform contains more than 3 lakh certified doctors. It claims to have enabled more than 200 million interactions per year.
Lybrate raised $10.2 million from Ratan Tata, Tiger Global, and Nexus Venture Partners in 2015.
