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

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Priyal Shah

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

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