StanPlus, a Hyderabad, India-based healthtech firm that offers 15 minutes ambulance service, raised $20 million to cut down its response time to eight minutes.
The company’s Series A is a mix of equity and debt led by Healthquad, Kalaari Capital, HealthX Singapore, Pegasus (Hiranandani family office), Avaana Capital’s Sandeep Singhal, and serial investor Prashant Malik. The debt funding was raised from N+1 capital and Caspian.
The company also plans to use this capital to work with over 500 hospitals across 15 metro and Tier II regions of India — including Delhi, Mumbai, Chennai, Jaipur, and Ahmedabad — in the next 18 months.
Company: StanPlus Tech PTE Ltd.
Round: Series A
Funding Month: January 2022
Lead Investors: HealthQuad, Kalaari Capital, and HealthX Singapore
Additional Investors: Pegasus, Sandeep Singhal, senior adviser at Avaana Capital
Company Website: https://www.stanplus.com/about
Software Category: Medical Response and Ambulance service
About the Company: Founded by Prabhdeep Singh, Antoine Poirson, and Jose Leon in 2016, StanPlus works with the hospitals to manage their emergency response and offers ambulance services as soon as possible. It offers software-as-a-service (SaaS) solutions to the hospital and helps a hospital manage all its emergency responses. It charges these hospitals a certain subscription cost. StanPlus also helps the callers get a quick response by connecting them to the nearest possible ambulance. The company has a network of 3,000 ambulances, of which it owns 200.