2021 Pharma Unicorn Startups: In 2021, the Indian market was enough good for tech, financial, healthcare startups. These sectors gave the most of the unicorn start-up of 2021. The pharma sector also joins the unicorn startup club including four companies like Innovanccer, Curefit, Pharmeasy, and Pristyn Care. After the covid pandemic pharma sector has grown exponentially and raised funding from investors, and venture capital.
Innovaccer is the first Indian healthcare unicorn startup, based in Noida and Sanfrancisco. The company has raised $ 105 million through a Series D round that valued the company at $ 1.3 billion, bringing its total funding to $ 225 million. The funding round was led by tiger global and other existing investors joined the round including B capital group, Steadview Capital, and M12 Microsoft venture fund.
Innovanccer has to save hospital time and money by breaking information silos that prevent a physician from obtaining a holistic view of their patients. The Innovaccer healthcare cloud works with various stakeholders in the US healthcare sector, its biggest client base.
Cure.fit | Cult.fit
The Curefit was founded in 2016 by Mukesh Bansal, co-founder of fashion marketplace Myntra, and Ankit nagor, a former chief business officer of Flipkart.
The healthcare and wellness startup Curefit was the 36th startup to enter the unicorn club after raising $ 50 million from Zomato. The deal size was around $ 100 million and Curefit reached the total valuation at $ 1.5 billion. The company is a health and wellness platform that provides fitness centers, fitness online classes, doctor consultations, therapy sessions, and more.
Pharmeasy is India’s 3 online medicine and diagnostic platform which is owned by API holding limited. The company has raised $ 323 million as a part of its series E funding from Prosus venture and TGP growth. The existing investors Temasek, CDPQ, LFT, light rock, Eight roads think the investment has also participated in the funding round, which consists of primary and secondary funding.
Pharmeasy startup was valued at $ 1.5 billion, after the E series round of funding and joined the unicorn startup club. The new fund to deepen market engagement to over 1000000 pharmacies and 20 million patients annually across the company Platform.
Pristine Care is the 42nd unicorn startup in India, it is a health technology startup that has raised around $ 100 million in its series E round of funding. The round was led by sequoia capital and tiger global at a valuation of $ 1.4 billion, adding to the Indian unicorn startup club. The company has used these funds to expand into new disease categories, strengthening and modernizing partner hospital infrastructure and training its surgeons.
Pristyn Care has currently worked with 800 + surgical hospitals and 400 plus expert doctors who perform surgeries for over 50 diseases across 40 plus cities of India.