Red.Health Secures $20 Mn Funding to be India’s Only Integrated Medical Emergency Response Platform

Red.Health said a significant portion of the recent funds will be allocated towards the development of an artificial intelligence-powered recommendation engine.

Hyderabad-based Red.Health, a medical emergency response startup specializing in ambulance dispatch services, has successfully raised $20 million in its Series B funding round. The funding round comprises a combination of equity and debt financing.

The investment was spearheaded by Jungle Ventures and saw participation from Red.Health’s existing and new investors Alteria Capital, HealthQuad, and HealthX.

Founded in 2016 by Prabhdeep Singh, the startup operates air and road ambulances to cater to inter and intra-city emergency needs.

Expressing his enthusiasm on the recent fundraise, Prabhdeep Singh, founder and CEO of RED.Health, said that the startup is thrilled to welcome Jungle Ventures to its group of investors.

“The fact that we've received support from investors spanning different geographies reflects the conviction towards what we've been building over the past eight years,” Singh said.

He also highlighted that the startup has made substantial progress in technology development, particularly in refining their dispatch system to ensure seamless operations without delays or errors since its last fundraise in 2022.

Fund Allocation Strategy/Plan

The fresh capital infusion will enable the startup to bolster its technological infrastructure, enhance its product offerings, and refine its dispatch system to minimize human errors and optimize response times.

Red.Health said a significant portion of the recent funds will be allocated towards the development of an artificial intelligence-powered recommendation engine.

This innovative tool aims to provide real-time response prompts during medical emergencies, further augmenting the efficiency and effectiveness of Red.Health's services, it said.

“With this round, we’re set to scale operations in becoming the only integrated medical emergency response platform in India,” Singh added.

Currently, Red.Health is operational in more than 100 hospitals across 20 cities. With ambitious expansion plans on the horizon, Red.Health intends to extend its footprint to encompass 40-50 cities and forge partnerships with over 500 hospitals.

The startup collaborates with renowned healthcare institutions such as Fortis and Apollo Hospitals, furnishing them with a comprehensive suite of ambulance services, manpower, and advanced technological solutions.

Expressing enthusiasm for the partnership, Seemant Jauhari, partner, Healthcare at Jungle Ventures, emphasized the transformative potential of Red.Health's platform. He said the startup can leverage its deep healthcare experience and network.

“We believe in RED.Health's vision is to expand their services to 40+ cities in India, leveraging technology to enable the nearest ambulance to transport a patient safely to one’s hospital of choice. We foresee that in the long term, every Indian should be able to access emergency response via just a click of a button,” Jauhari said.

Dr Pinak Shrikhande, MD at HealthQuad, Red.Health’s existing investor, also expressed confidence in the new collaboration.

Punit Shah, managing partner at Alteria Capital sharing thoughts on the investment round, said, "RED.Health is transforming India's emergency response landscape with its high technology, full stack systems. We are excited to be partnering with the team as they build this important layer of healthcare infrastructure, and deliver value to hospitals, to help save lives."