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[FUNDING NEWS] India-Based Red.Health Secures $20 Million in Series B Funding

Ambulance service Red.Health (previously StanPlus) earned $20 million in Series B funding headed by Jungle Ventures.

Ambulance service Red.Health (previously StanPlus) earned $20 million in Series B funding headed by Jungle Ventures.

Alteria Capital, HealthQuad, and HealthX joined the debt-equity Series B investment. According to the company, the round is still open. Last month, company’s Series B round may raise $27 million.

Read also – India-Based Cold-chain Solutions Startup Celcius Logistics Secures $4.8 Million Pre-Series B Funding

It said it will use the new cash to innovate its product, advance its technology, and improve its dispatch system to reduce human errors and optimise response time.

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The startup serves over 100 hospitals across 20 locations. It wants to serve 40-50 cities and 500 hospitals.

“With this round, we’re set to scale operations in becoming the only integrated medical emergency response platform in India,” said Prabhdeep Singh, founder and CEO of Red.Health.

About Red.Health

RED.Health leads smart medical response. They offer hospitals and organisations tech solutions to improve medical response systems and patient experiences throughout the emergency value chain.

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