RED Health Secures $20 Million in Series B Funding to Revolutionise Medical Emergency Response

 

Hyderabad-based medical emergency response platform RED Health has successfully raised $20 million in a Series B funding round. The round was led by Jungle Ventures, with Alteria Capital, HealthQuad, and HealthXCapital also participated.

 

This new capital injection marks a significant milestone for the company as it continues its mission to provide swift and efficient medical assistance across India to those in need.

 

Founded in 2016 as StanPlus to provide accessible, reliable and high quality medical assistance to those in need, RED Health has grown to become India’s leading emergency response service provider. The company operates a robust fleet of over 5,000 ambulances and maintains a strong presence in more than 550 cities. Known for its rapid ambulance dispatch services that boast an impressive response time. RED Health is now poised to leverage this new funding to enhance its product offerings and technological capabilities.

 

The company plans to use the funds to develop technology-driven solutions that optimize the emergency response value chain. Key initiatives include the creation of an auto-dispatch system designed to minimize human errors and improve response times, and the development of an AI-powered triage system to ensure accurate hospital selection and immediate transmission of patient vitals to first responders.

 

With the new funding, RED Health is set to expand its services significantly:

  • Cities: Increase its reach from 20 to 50 cities
  • Hospital Partnerships: Grow its network from 100+ to 500+ partnerships
  • Enterprise Footprint: Double its enterprise footprint
  • Machine2Machine SOS Integrations: Implement new SOS integrations
  • Subscription Model: Expand its subscription model to secure more lives
  • Air Ambulances: Make air ambulances more accessible across borders

 

In 2023, RED Health rebranded from StanPlus, and expanded its services to offer a comprehensive medical assistance platform. From emergency response to ongoing treatment and recovery, RED Health is dedicated to supporting patients and their families throughout their healthcare journeys, ensuring they receive the best possible care.

 

The expansion aims to ensure that more individuals have access to timely and efficient emergency medical services, ultimately enhancing healthcare outcomes nationwide. With these developments, RED Health is on track to solidify its position as a premier integrated medical emergency response platform in the country.

 

This latest funding round and the company’s ambitious expansion plans underline RED Health’s commitment to revolutionizing pre-hospital care in India, making quality healthcare accessible to all.

 

 

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