PRISTYN CARE FUNDING
![Zomato-Paytm ticketing deal; Oyo’s Rs 1,000-crore funding](https://img.etimg.com/thumb/msid-111047123,width-100,height-75,resizemode-4/tech/newsletters/morning-dispatch/zomato-paytm-ticketing-deal-oyos-rs-1000-crore-funding.jpg)
Zomato-Paytm ticketing deal; Oyo’s Rs 1,000-crore funding
Zomato is looking to strengthen its ‘going-out’ business with the acquisition of Paytm’s ticket booking and events business. Details on this, and more in today’s ETtech Morning Dispatch.
![Startups’ pink slip count falls to 10,000 amid funding blues](https://img.etimg.com/thumb/msid-111026661,width-100,height-75,resizemode-4/tech/startups/startups-pink-slip-count-falls-to-10000-amid-funding-blues.jpg)
Startups’ pink slip count falls to 10,000 amid funding blues
Firing in first half of 2024 lesser than H2, H1 of ’23, signalling a slight recovery. Ola Electric is in the final stages of laying off over 600 after sister company Ola Cabs fired around 200 workers in late April. Industry executive told ET, even with the slowdown in layoffs, startups are still not out of the woods.
![Healthtech sector hiring up 9% in 2023 despite startup funding winter](https://img.etimg.com/thumb/msid-108947344,width-100,height-75,resizemode-4/jobs/hr-policies-trends/healthtech-sector-hiring-up-9-in-2023-despite-startup-funding-winter.jpg)
Healthtech sector hiring up 9% in 2023 despite startup funding winter
India's healthtech sector saw a 9% increase in hiring in 2023, despite challenges such as reduced investments. Sales and business development roles were the most sought-after, followed by technology and product development positions. Companies are actively recruiting professionals in software development, data analytics, and quality assurance. Top roles in demand include DevOps Engineer, Mobile App Developer, and Data Scientist. Python, .Net, and AI skills are highly valued. The sector anticipates a 15-20% employment growth in 2024, with companies like Access Healthcare and Tata 1mg driving recruitment efforts.
![Financial report card for Nykaa, Dunzo; Byju’s in talks with Joffre for Epic sale](https://img.etimg.com/thumb/msid-105015510,width-100,height-75,resizemode-4/tech/newsletters/tech-top-5/nykaas-second-quarter-and-dunzos-fy23-financials-byjus-in-talks-to-sell-epic-to-joffre.jpg)
Financial report card for Nykaa, Dunzo; Byju’s in talks with Joffre for Epic sale
FSN E-Commerce, the parent entity of omnichannel beauty and fashion retailer Nykaa, saw its Q2 profit jump 50%. Cash-strapped Dunzo also disclosed its FY23 financials today. This and more in today’s ETtech Top 5.
![MediBuddy raises $18 million in funding from existing investors](https://img.etimg.com/thumb/msid-103219197,width-100,height-75,resizemode-4/tech/technology/medibuddy-raises-18-million-in-funding-from-existing-investors.jpg)
MediBuddy raises $18 million in funding from existing investors
The current funding round is in continuation of the Bengaluru-based startup’s series C fundraise of $125 million in February 2022. The funds will be used to fuel the company’s growth and expansion plans through strategic acquisitions.
![Pristyn Care commences operation in Bangladesh; lines up Rs 100 crore to fund expansion](https://img.etimg.com/thumb/msid-102392637,width-100,height-75,resizemode-4/tech/technology/pristyn-care-commences-operation-in-bangladesh-lines-up-rs-100-crore-to-fund-expansion.jpg)
Pristyn Care commences operation in Bangladesh; lines up Rs 100 crore to fund expansion
The company plans to have five patient care centres in Dhaka and Chattogram(Chittagong) by March 2024.
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Healthtech startup Pristyn Care suspends Lybrate founders
The suspensions came a day after Arora and Narang served a default notice to Pristyn Care demanding outstanding payment resulting from its acquisition of the primary care provider.
Rishi Navani’s Epiq Capital closes second fund at $225 million
The venture capital firm has already backed startups such as eyewear retailer Lenskart, news aggregator Dailyhunt, fitness platform Cultfit, app development company Builder.ai, and healthtech startup Pristyn Care.
Snacking startup Kikibix raises $300K from founders of nine unicorns, VCs
Founded by paediatrician Ridhi Kaur in 2022, the company makes cookies in flavours such as Cranberry Oats, Gur Chana, Ragi Mocha, Coconut, Figs, and Date Almonds.
On a sticky funding wicket, startups give IPL sponsorship a miss
Some new-age cos still negotiating to buy spot ad deals, instead of becoming sponsors.
Health tech startup Pristyn Care fires 45 employees
The layoffs are part of a regular process that was triggered after a comprehensive performance review to track employee efficiency, it said.
Park+ raises $17 million in funding from Epiq Capital, Sequoia and Matrix
The funding round values Park+ at $340 million, up from around $150 million during its Series B funding in November 2021.
B2B edtech startup Uolo raises $22.5 million in funding led by Winter Capital
Other investors included Morphosis Venture Capital, another Dubai-based fund, and existing investor Blume Ventures.
Pet care startup Vetic raises $3.7 million in seed funding
The startup will use the capital to bolster its technology, establish state-of-the-art medical infrastructure, and expand its network of clinics. Vetic has four clinics in Gurgaon and plans to scale this to 15 across Delhi-NCR and Bengaluru by June 2023.
Pet care startup Vetic raises 3.7 million in a seed funding round
The freshly raised capital will be used by the company towards further bolstering technology, establishing state-of-the-art medical infrastructure, as well as the geographical expansion of Vetic’s clinic network across Delhi NCR and Bangalore regions.
Cloud kitchen startup Curefoods raises $43 million led by Winter Capital
Existing investors Chiratae Ventures infused about $1.6 million, while Accel India invested $3.9 million and Iron Pillar put in $10 million, according to regulatory filings sourced from business intelligence platform Tofler.
MediBuddy raises $125 million in funding from Quadria Capital, Lightrock India
MediBuddy will use the funds to invest in customer awareness, hiring, strengthening technology platforms including data science capabilities, clinical research, and product development, it said in a release.
Trifecta Capital raises Rs 1,500 crore towards final close of first equity fund
The late-stage equity fund will invest in leading startups that are likely to go in for a public listing in the next one to three years. The fund was launched in May 2021 and announced its first close in July last year.
2021 In Review | Indian startups bag record $36 billion funds in 2021
This year, the volume of seed-stage deals dominated with nearly 396 deals aggregating to $705.86 million while about 166 investments at series A amounted to about $1.67 billion, data until December 20, showed.
Crypto bill may skip winter session; SoftBank bets on Indian fintech again
Now, having listed the bill for the winter session, the government may back out again for – you guessed it – more reworking. Crypto deja vu, anyone?
Surgery startup Pristyn Care turns unicorn, plans to expand to 60-70 cities
The latest round of funding was led by Sequoia Capital, Tiger Global, Winter Capital, Epiq Capital, Hummingbird Ventures and Trifecta Capital.
ETtech Deals Digest: Spinny, Pristyn Care enter unicorn club
India minted two unicorns this week as used car retailing platform Spinny and health technology startup Pristyn Care joined the coveted club of privately held companies valued at $1 billion or more.
Pristyn Care turns unicorn after $100 million funding led by Sequoia Capital
This makes it the latest entrant to the coveted unicorn club, or those privately held companies valued at $1 billion or more.
Crypto exchanges try self-regulation; Flipkart's big restructuring at Cleartrip
India's fast growing crypto industry, which has already caught the fancy of the country's youth, has begun self-regulation.
Exclusive: Pristyn Care in talks to close new round at over $1.2 billion valuation
Sequoia Capital US and Tiger Global are likely to participate in Pristyne Care’s $90-110 million funding round, which is likely to double the healthcare startup’s valuation to $1.2-1.4 billion.
Pristyn eyes unicorn club; Celebs join the NFT craze
Healthcare startup Pristyn Care is in talks with investors to raise $90-110 million. If the latest funding round goes through, it will book itself a spot in India’s very rapidly growing unicorn club.
Rishi Navani's Epiq Capital targets $150 million second fund amid frenetic tech dealmaking
After having backed companies like eyewear retailer Lenskart, news aggregation platform Dailyhunt, and health and fitness startup Curefit from its $100 million Fund-I, Epiq is eyeing domestic capital for its new vehicle.
Tiger Global backs Pristyn Care at over $550 million valuation
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.
Pristyn Care may bag $80-100 million in funding led by Tiger Global
Pristyn Care's Series D funding round, wherein Tiger Global is expected to bring in about $40 million, is likely to peg the healthtech startup's valuation at around $500-600 million.
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