Indian healthtech investor Alkemi Growth Capital led a $3 million Series A investment in Medulance, a company founded in 2017 to make emergency medical response services across the country as accessible as cab-hailing or food delivery. Entrepreneurs Aman Gupta and Namita Thapar and growth-stage investment bank Dexter Capital, joined in the round.
The New Delhi startup leverages emergency management technology, a fleet of 7,500 fleet of GPS-enabled ambulances and a network of trained paramedics to cut response times to under 15 minutes. Some 40% to 60% of deaths in India could be prevented if emergency response times are shortened, among other factors, says Medulance.
The company serves hospitals, corporates and individuals, and has partnered with the Government of Delhi to offer public welfare ambulance services.
Healthcare services beyond major cities
The funding will help Medulance strengthen its offering and double its coverage to 1,000 cities by 2026, with a focus on India’s tier 2 and tier 3 cities.
India has a host of companies utilizing some form of medical response model, though most of them are located in major cities where infrastructure supports their services. Among those going against the grain is Medilane, which offers an ambulance aggregation platform in the largely rural state of Manipur.
