Medulance Secures $3 Million Series A Funding Led by Alkemi Growth Capital

• ByStartupStory     |    April 17, 2024

Medulance, a leading provider of emergency healthcare services, has successfully raised $3 million in a Series A funding round, with Alkemi Growth Capital at the helm. This latest investment underscores Medulance’s commitment to revolutionizing emergency healthcare in India by leveraging advanced technology and strategic expansion efforts.

The funding round witnessed enthusiastic participation from distinguished investors including Dexter Capital, Aman Gupta, and Namita Thapar, reaffirming the confidence in Medulance’s innovative approach to emergency medical services.

Pranav Bajaj, co-founder and CEO of Medulance, expressed his excitement about the funding milestone, stating, “After running a profitable bootstrapped company for 6 years, Medulance has raised a Series A round of $3 million. This funding marks an important milestone for Medulance. With the support of our investors, we are poised to scale our operations and further elevate the standards of emergency healthcare across India.”

With the infusion of fresh capital, Medulance aims to expand its footprint across India, particularly targeting tier-2 and tier-3 cities where access to quality emergency healthcare remains a challenge. The company is dedicated to ensuring a uniform level of high-quality services throughout the country, addressing the pressing need for efficient emergency medical assistance in populous regions.

Moreover, Medulance plans to allocate resources towards enhancing its emergency management technology, aimed at addressing the complexities associated with executing large-scale emergency services. By leveraging innovative solutions, the company endeavors to optimize its response mechanisms and provide timely assistance during critical situations.

In line with its commitment to excellence, Medulance has recently launched the Medulance Healthcare Academy, a pioneering initiative aimed at addressing the training needs of the paramedic workforce. Through this venture, Medulance seeks to overcome one of the fundamental challenges in the emergency response space: ensuring the proficiency of the paramedic personnel. By offering comprehensive training programs, the company aims to cultivate a highly skilled workforce capable of delivering superior care during emergencies.

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