StanPlus raises $20 million in its Series A round

Emergency response and ambulance startup, StanPlus has raised $20 million in its Series A funding from HealthQuad, Kalaari Capital, and HealthX Capital Singapore.

Emergency response and ambulance startup, StanPlus has raised $20 million in its Series A funding from HealthQuad, Kalaari Capital, and HealthX Capital Singapore. Angel investors like Pegasus (Hiranandani family office), Sandeep Singhal of Avaana and Prashant Malik also participated. 

StanPlus was founded in 2016 by Prabhdeep Singh along with Antoine Poirson and Jose Leon. The goal behind the venture was to organise India’s emergency medical response (EMR) with technology and trained personnel. The Founder and CEO, Prabhdeep Singh, found commercial goods delivered within 10 minutes in India but essential services like ambulances and teleconsultations were getting delayed.

While addressing the gaps and fragmentation in the market, they have created their Red Health platform to enable plug-and-play medical response with large hospitals, patients, apps, cars, and other ecosystem players. With the funds, the venture wants to reduce ambulance ETA from 15 minutes to 8 minutes. They also want to scale their flagship Red Ambulance brand into 15 Indian cities. It also runs its own fleet of Advanced Life Support (ALS) ambulances.

The emergency response industry in India is valued at $15 billion. StanPlus is trying to win the market by assuring ambulance services within 15 minutes by leveraging technology. They also host training sessions to train their clinical and non-clinical staff.

Tags : #StanPlus #PrabhdeepSingh #AntoinePoirson #JoseLeon #HealthQuad #KalaariCapital #HealthXCapitalSingapore #funding #fundingalert #smitakumar #medicircle

About the Author

Priyal Shah

Priyal Shah is a graduate of Media from Mithibai College, Mumbai. She is a writer, researcher and avid reader.

Related Stories

Loading Please wait...


Trending Now

Is Liposuction surgery safe? Know the side effects of Liposuction Surgery May 21, 2022
The BD 'Advances in Clinical Flow Cytometry' Event provides clinicians with a rich knowledge-sharing platformMay 21, 2022
Omega 3 fatty acids – The essential fatMay 21, 2022
Vitamin B12 – Deficiency and sourcesMay 21, 2022
CDSCO has approved Boehringer Ingelheim's Jardiance for the treatment of heart failure.May 20, 2022
Hanuman raises over $.5 million to expand its emergency medical response services in Bihar, Jharkand and UP May 20, 2022
Sudden Infant Death Syndrome (SIDS) – Causes and preventive methodsMay 20, 2022
Healthcare Innovation Challenge: Data's Expanding Role in the Healthcare SectorMay 20, 2022
Homeopathy in Pregnancy - Homeopathy Treatment | MedicircleMay 20, 2022
MetroMedi launches the MetroMedi Relief platform for mental and sexual health wellbeing.May 20, 2022
Top Health Benefits for Butter milk May 20, 2022
Sumit Agarwal- Born with Cerabral Palsy to today being an acclaimed entrepreneur in the public relations industry in IndiaMay 20, 2022
Five eye hospitals in the Tri-city region have been acquired by Dr. Agarwal's Eye Hospital.May 19, 2022
World Family Doctor Day, 2022 – Family doctor makes care easily accessible May 19, 2022
Adani Enterprises will explore the healthcare industry.May 19, 2022
Tips for Weight Loss May 19, 2022
What should be the diet during menopause? May 19, 2022
5 Tips To Get Rid Of Cracked Heels In SummerMay 19, 2022
How is meditation beneficial in reducing low blood pressure?May 18, 2022
Why should we not eat mushrooms because of kidney disease? May 18, 2022