Emergency healthcare provider Medulance has raised $3 million in Series A funding led by Alkemi Growth Capital. The round also saw participation from marquee investors such as Dexter Capital, Aman Gupta, and Namita Thapar.
Medulance has secured the funding after running as a profitable bootstrapped company for six years.
The funds will be used to increase its presence across the country while focusing on emergency management technology to solve problems in the execution of services en masse. This includes a further reduction in emergency call answering time and emergency services response time in more than 500 cities in India.
With a fleet of up to 10,000 ambulances, Medulance wants to make emergency medical services accessible to every citizen in the country in quick time.
In the next 15-18 months, Medulance plans to expand to over 1,000 cities in the country, prioritizing patient safety and quality of care in every region. The company also aims to establish public-private partnerships to extend its services to an additional three-four states in the coming years.
Through its recently launched Medulance Healthcare Academy, the firm aims to solve one of the biggest challenges of the emergency response space i.e. quality training of the paramedic force. It seeks to expand its education vertical and improve the standards of care through a highly trained paramedic workforce.
