StanPlus, a Hyderabad-based startup offering 24/7 emergency and medical transport service, has raised US$ 20 million in a Series A funding round co-led by HealthQuad, HealthXCapital and Kalaari Capital on 24 January 2022.
Investors: The latest investment round featured HealthXCapital, HealthQuad and Kalaari Capital as the lead investors with participation from Pegasus FinInvest and angel investors including Prashant Malik and Sandeep Singhal.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round to ramp up operations to 500 hospitals, launch its flagship brand, Red Ambulance, in ten more cities and lower the ambulance estimated time of arrival to eight minutes from fifteen.
About StanPlus
Brought to existence in 2016 by Prabhdeep Singh, Jose Leon and Antoine Poirson, StanPlus offers ambulances equipped with required diagnosis instruments that serve categorical medical problems, allowing patients to obtain complete medical transport service 15 minutes with trained staff. Its ambulance models include basic medical utility and advanced vehicles. The firm’s drivers and doctors are experienced to support different patient requirements, from surgeries and cardiac emergencies to accident/burn patients. It envisages managing India’s emergency medical response by employing technology, a multi-city fleet of ambulances and a trained medical staff to deliver critical and non-critical medical support.
What the Founder has to say: “We seek to make a large and meaningful impact on the fragmented Indian healthcare industry through the fresh capital. We are looking forward to developing robust tech, recruiting fresh talent and expanding geographically. It’s not possible to create a tech solution without developing or viewing the core infrastructure in a nation like India. We don’t simply function as an aggregation platform, but also possess a fast emergency response system that operates on first principles that guarantee people to receive the right service, bolstered with the appropriate technology.”- Prabhdeep Singh, Founder of StanHealth.
What the Investor has to say: “StanPlus has structured a tech-driven and innovative solution to productively tackle emergency responses and ensure timely ambulance assistance with the help of its fleet of Red Ambulances. We are certain that their business paradigm can rapidly be implemented across different parts of India. It can save the lives of numerous patients in the future. It is exhilarating to assist the firm financially. We are quite positive about making its dream of creating quality ERS across India a reality.”- Charles-Antoine Janssen, Chief Information Officer at HealthQuad Capital.
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