Hyderabad: In what is said to be one of the biggest series – fundraising in the country’s health care sector, Hyderabad-based emergency medical services, Startup Startup has collected $ 20 million (around Rs 150 Crore) from tent investors such as Healthquad, Kalalari Capital and HealthXCapital of Singapore.
In addition, the Hakanandani family office – Pegasus, Sandeep Singhal from Avaana Capital and Co-Founder Co-Founder Limeroad Malik also participated in the funding round along with an angel investor clutch.
This round also includes the amount of deposited debt money from N +1 capital, which provides income-based growth capital.
In addition to the $ 20 million series, Stanplus also collected $ 2 million from the investment grip that it would be used to eliminate ambulances.
Stanplus Founder & CEO Prabhdeep Singh told TOI that capital infusion would be used to increase operations to 500 hospitals and increase the existence of its flagship red ambulance services in 15 existing cities.
“In India, food ingredients are sent in 10 minutes but the ambulance takes 45 minutes.
In Stanplus, we focus on the 8-minute ambulance paradigm – I like to call it ‘first minute, mile health service last.
The capital will allow us to scale in India, carrying Extraordinary talent to work on this mission, and build the first technology first, “said Singh.
Deciphering his decision to invest in St.plus, the executive director of Capital Capital Vani Kola, said that while there have been many buzz around the fast commerce and 15 minutes wholesale shipping, Stanplus is one of the companies that have made 15 minutes of real emergency health services in India.
Shows that mortality levels for road traffic accidents and heart and neurological emergencies in India are significantly higher than in developed countries, especially due to the lack of an efficient medical emergency response system, Charles Antoine Janssen, CIO, Healthquad, said innovative, a technology-enabled platform Developed by StanPlus can be quickly improved and potentially to save millions of lives.
Singh said Stanplus was on track to close the fiscal 2021-22 at this time with revenues of around $ 10 million (Rs 75 Crore) and targeted 3x growth in the coming fiscal year.
The emergency response industry in India is valued at around $ 15 billion.