RED.Health raises $20M via Series-B round led by Jungle Ventures

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HYDERABAD: Medical emergency response platform RED.Health, which affords ambulance dispatches inside eight minutes, has raised $20 million (Rs 165 crore approx) via a Series B funding round led by Jungle Ventures.
The round additionally noticed participation from present and new buyers resembling HealthQuad, HealthX, and Alteria Capital.
The Hyderabad-based healthtech startup stated will probably be utilizing the contemporary funds for fueling its innovation pipeline.This would come with investments in growing expertise pushed options for the emergency worth chain resembling an auto-dispatch system that may minimise human errors and optimise response time.
The startup stated its AI-powered triage permits for the number of the correct hospital and rapid vitals sharing with the primary responders. It is taking a look at deploying its expertise throughout hospitals and employers in India atop its full-stack response system.
The firm has additionally earmarked a portion of the funding for increasing its companies throughout the nation and for introducing new product strains.
RED.Health, which at the moment operates in 20 cities in India, plans to achieve over 40 cities and accomplice with over 500 hospitals.
The firm can be engaged on introducing a subscription-based mannequin that guarantees fast and accessible medical help, eliminating complexities of pricing variations that exist out there.
RED.Health founder & CEO Prabhdeep Singh stated the most recent round will assist the corporate scale its operations to turn into the only real built-in medical emergency response platform in India.
Set up in 2016, RED.Health at the moment operates a fleet of 450 managed ambulances and in addition has an in depth community of 6000 Saathi street ambulances and 10 plane devoted to air ambulance companies.
Jungle Ventures partner-healthcare Seemant Jauhari stated it was partnering RED.Health in creating a strong platform that ensures households in India get entry to standardised, dependable and environment friendly emergency care


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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