RED.Health , a leading healthcare platform formerly known as StanPlus, has announced a significant milestone in its journey. The company has secured $20 million in Series B funding led by Jungle Ventures.
This funding round also saw participation from existing investors HealthQuad, HealthX, and Alteria Capital, indicating strong confidence in RED Health's vision and capabilities.
The fresh funds will be utilized to expand services across more than 40 cities and to launch new product lines. With a focus on becoming India’s only integrated medical emergency response platform, RED Health aims to revolutionize access to healthcare services.
Prabhdeep Singh, Founder and CEO of RED Health, expressed his enthusiasm, saying, "With this round, we’re set to scale operations and fulfill our vision of becoming the leading emergency response platform in India."
RED Health currently boasts a robust fleet of over 450 ambulances and has a strong presence in more than 20 cities, ensuring that it is always within reach to offer its services.
Currently operating in 20 cities, RED Health plans to introduce a subscription-based model for quick and accessible medical assistance. The company manages a fleet of 450 ambulances and has a network of 6,000 ‘Saathi’ road ambulances and 10 aircraft for air ambulance services.
Seemant Jauhari, Partner, Healthcare at Jungle Ventures, shared his perspective on the investment, stating, “We foresee that in the long term, every Indian should be able to access emergency response via just a click of a button."
This funding marks a significant step forward for RED Health as it continues to innovate and expand its services to meet the growing healthcare needs of India.
#funding #investment #healthtech #startupforte
Non Profit Organization
1dGreat job