Hyderabad-based medical emergency response startup secures $20 million in Series B funding led by Jungle Ventures

Key Points:

1. Funding Round: RED.Health, a Hyderabad-based medical emergency response startup, secures $20 million in Series B funding led by Jungle Ventures, with participation from existing and new investors, including HealthQuad, HealthX, and Alteria Capital.
2. Technology Development: The funding will be used to develop technology-driven solutions aimed at optimizing the emergency value chain. This includes an auto-dispatch system to minimize errors and improve response times, along with an AI-backed triage system for accurate hospital selection and vital information sharing with first responders.
3. Expansion Plans: RED.Health plans to expand its services across India, targeting over 40 cities and partnering with more than 500 hospitals. Currently operating in 20 cities, the company aims to enhance accessibility to emergency medical assistance nationwide.
4. Subscription-Based Model: The startup is set to introduce a subscription-based model to simplify access to emergency medical services, promising quick assistance while eliminating pricing complexities.
5. Founder’s Vision: Prabhdeep Singh, Founder and CEO of RED.Health, expresses excitement about scaling operations and becoming India’s premier integrated medical emergency response platform. He highlights the company’s technological advancements and commitment to efficiency and effectiveness in the sector.
6. Company Background: Founded in 2016 as StanPlus, RED.Health offers a range of emergency services, including ground and air ambulance transportation. The company’s success reflects its dedication to saving lives through swift interventions.
7. Previous Funding: In January 2022, RED.Health raised $20 million in a Series A round led by HealthQuad, Kalaari Capital, and HealthX Capital, showcasing sustained growth and investor interest in its innovative approach.
8. Investor Profile: Jungle Ventures, a Singapore-based venture capital firm, leads the Series B funding round, bringing extensive experience in supporting early to growth-stage companies across Southeast Asia and India.

Hyderabad-based medical emergency response startup RED.Health has made headlines with its latest achievement – securing $20 million in a Series B funding round led by Jungle Ventures. The investment not only underscores investor confidence in RED.Health but also highlights the growing significance of technology-driven solutions in the healthcare sector.

The funding round witnessed participation from a mix of existing and new investors, including HealthQuad, HealthX, and Alteria Capital, signaling widespread support for RED.Health’s mission to redefine emergency medical response in India.

One notable aspect of this funding is the strategic advisory role played by o3 Capital, further enhancing the credibility and strategic planning behind RED.Health’s growth trajectory.

RED.Health has outlined ambitious plans for utilizing the newly acquired funds. A significant portion will be allocated to the development of technology-driven solutions aimed at optimizing the emergency value chain. This includes the implementation of an auto-dispatch system designed to minimize human errors and streamline response times. Additionally, RED.Health’s AI-backed triage system will facilitate accurate hospital selection and enable immediate vital information sharing with first responders, significantly improving the efficiency of emergency interventions.

Expansion is also high on RED.Health’s agenda. With operations currently spanning 20 cities across India, the company aims to double its presence, targeting over 40 cities and forging partnerships with more than 500 hospitals nationwide. This expansion drive underscores RED.Health’s commitment to ensuring widespread accessibility to its services, thereby bolstering emergency medical infrastructure across the country.

Noteworthy among RED.Health’s initiatives is the introduction of a subscription-based model, poised to revolutionize access to emergency medical assistance. This model promises quick, hassle-free access to critical services while eliminating the complexities associated with pricing variations, a significant step towards making emergency healthcare more accessible and inclusive.

Prabhdeep Singh, Founder and CEO of RED.Health, expressed his enthusiasm for the future, citing significant technological advancements achieved since the last funding round. He emphasized RED.Health’s dedication to becoming India’s premier integrated medical emergency response platform, poised to set new benchmarks for efficiency and effectiveness in the sector.

Founded in 2016 as StanPlus, RED.Health has rapidly emerged as a key player in the emergency medical response landscape. With a comprehensive suite of services, including ground and air ambulance transportation, the company has demonstrated its commitment to saving lives through swift and efficient interventions.

This latest funding milestone follows RED.Health’s successful Series A round in January 2022, highlighting the company’s sustained growth trajectory and continued investor interest in its innovative approach to emergency medical services.

Jungle Ventures, the lead investor in this funding round, brings a wealth of experience in supporting early to growth-stage companies across Southeast Asia and India, further bolstering RED.Health’s prospects for success in the evolving healthcare landscape.

As RED.Health continues its journey to revolutionize emergency medical response in India, the latest funding infusion serves as a testament to the company’s vision, resilience, and commitment to leveraging technology for the greater good.