Get All Access for $5/mo

Healthcare Startup Medulance Raises USD 3 Mn in Series A Led by Alkemi Growth Capital The Delhi-based platform aims to deploy the funds to increase its presence across the country while focusing on emergency management technology.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R] Ravjot Singh Arora and Pranav Bajaj, Co-founders of Medulance

Healthcare service provider Medulance has secured USD 3 million in a Series A round led by Alkemi Growth Capital.

Dexter Capital, Aman Gupta, and Namita Thapar also took part in the investment round.

The company plans to utilise the funds to increase its presence across the country while focusing on emergency management technology.

Pranav Bajaj, Co-founder and CEO of Medulance, said, "After running a profitable bootstrapped company for 6 years, Medulance has raised a Series A round of USD 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."

Alka Goel, Founder of Alkemi Growth Capital, added, "The infusion of capital into Medulance will enable it to expand its fleet, enhance its technology infrastructure, and improve its response times. This investment will also support the company in recruiting and training qualified medical professionals to ensure the highest standards of patient care."

Founded in 2017 by Pranav Bajaj and Ravjot Singh Arora, Medulance offers comprehensive solutions for corporate and public healthcare needs.

It recently unveiled a 5G-enabled 'Smart Medical Room' in Gurugram for corporate wellness by integrating advanced diagnostics and telemedicine.

Ravjot Singh Arora, Co-Founder and COO of Medulance, said, "Through this capital, Medulance would leverage the latest technology including 5G and smart remote monitoring via its smart ambulances to create a 360-degree ecosystem by partnering with corporates, governments, and insurance companies."

With a fleet of 10,000 ambulances and 1,000 health experts, Medulance aims to make emergency services accessible nationwide.

The firm intends to expand to over 1,000 cities in the next 15 to 18 months, with an emphasis on users in Tier II and III cities. In the upcoming years, it hopes to form public-private partnerships in order to expand its services to additional states.

It also seeks to further reduce emergency call answering time and emergency service response time in more than 500 cities in India.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
News and Trends

Noida International Airport Partners with Mahindra Logistics for Premium All-Electric Taxi Service

Passengers will have the flexibility to book rides through multiple platforms, including a dedicated mobile app, the NIA website, call centers, airport kiosks, and airline alliances. This multi-channel approach ensures 24/7 accessibility, catering to the diverse needs of travelers.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Lightspeed Leads USD 40 Mn Series B Funding for SolarSquare

The company plans to use the fresh funding to expand its footprint to 50 cities, enhance its technology, hire talent, and strengthen its brand presence.

News and Trends

growX Ventures Launches Fund II with a Target Corpus of INR 400 Cr

Fund II aims to target early-stage and growth-stage investments, backing 20–24 startups in deeptech sectors. It plans to deploy INR 10 crore in seed and INR 20–30 crore in Series B rounds.

News and Trends

RapidCanvas Raises USD 16 Mn to Accelerate AI Innovation in Business Operations

The new capital will fuel the expansion of its innovative offerings and global reach.

News and Trends

K12 Techno Services Secures USD 40 Mn in Funding from Kenro Capital

The Bengaluru-based firm aims to expand aggressively, with plans to open 8–12 Orchids schools annually and onboard 100–150 schools under the Eduvate umbrella each year.