Medulance, a leading emergency healthcare provider, has successfully raised $3 million in Series A funding. Alkemi Growth Capital spearheaded the investment round. Notable participation also came from esteemed investors such as Dexter Capital, Aman Gupta, and Namita Thapar.
This significant funding milestone comes after Medulance’s remarkable journey as a profitable bootstrapped company for six years. The infusion of capital marks a pivotal moment for the company as it embarks on ambitious expansion plans to solidify its presence further nationwide.
The allocated funds are earmarked for enhancing Medulance’s footprint across the country. A keen focus is on leveraging cutting-edge emergency management technology to address prevalent challenges in delivering mass-scale services. Key objectives include substantial reductions in emergency call answering and response times across more than 500 cities in India.
With a robust fleet comprising up to 10,000 ambulances, Medulance is committed to democratizing access to emergency medical services, ensuring swift assistance for every citizen in need.
Over the next 15-18 months, Medulance aims to extend its reach to over 1,000 cities, prioritising patient safety and optimizing care quality in every region served. Additionally, the company is keen on forging strategic public-private partnerships to extend its services to three to four additional states in the foreseeable future.
Medulance’s recent launch of the Medulance Healthcare Academy underscores its dedication to addressing a critical need in the emergency response ecosystem: the proficient training of paramedic personnel. Through its education vertical, the company aims to elevate industry standards by cultivating a highly skilled paramedic workforce, enhancing the quality of care provided.
The Series A funding propels Medulance’s expansion ambitions and underscores investor confidence in the company’s vision to revolutionize emergency healthcare delivery in India. As Medulance continues to innovate and expand its service offerings, its commitment to excellence remains unwavering, driving positive impact in communities nationwide.
