RED.Health Raises $20M in Series B Round Led by Jungle Ventures

RED.Health, a leading medical emergency response platform known for dispatching ambulances within eight minutes, has successfully raised $20 million in a Series B funding round led by Jungle Ventures. The round witnessed participation from existing investors like HealthQuad, HealthX, and Alteria Capital, alongside new investors.

The Hyderabad-based health tech startup plans to utilize the fresh funding to drive innovation across its emergency value chain. This includes investments in developing technology-driven solutions such as an auto-dispatch system to minimize human errors and optimize response time.

With its AI-powered triage system, RED.Health aims to enhance hospital selection and facilitate immediate vitals sharing with first responders. The company intends to deploy its technology across hospitals and employers in India, leveraging its full-stack response system.

Expansion is a key focus for RED.Health, as it aims to extend its services to over 40 cities and partner with more than 500 hospitals nationwide. Additionally, the company plans to introduce new product lines and a subscription-based model, promising quick and accessible medical assistance while simplifying pricing complexities.

Prabhdeep Singh, Founder & CEO of RED.Health, emphasized that the funding will enable the company to scale its operations and establish itself as the premier integrated medical emergency response platform in India.

Established in 2016, RED.Health currently operates a fleet of 450 managed ambulances, complemented by an extensive network of 6000 Saathi road ambulances and 10 dedicated aircraft for air ambulance services.

Seemant Jauhari, Partner-Healthcare at Jungle Ventures, highlighted the partnership with RED.Health is creating a robust platform to ensure standardized, reliable, and efficient emergency care for families across India.

Disclaimer: This information is covered based on the latest research and development available. However, it may not fully reflect all current aspects of the subject matter.

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