Jungle Ventures Leads $20M Series B Round for RED. Health
Written by Sirish Dixit
Hyderabad-based RED. Health, a medical emergency response platform, raised $20M in Series B funding led by Jungle Ventures to expand its ambulance network from 20 to 40 cities and partner with over 500 hospitals, enhancing its integrated medical response services.
Hyderabad-based RED. Health, a medical emergency response platform, has raised $20 million in its Series B funding led by Jungle Ventures. The round included participation from existing and new investors like HealthQuad, HealthX, and Alteria Capital.
Founded by Prabhdeep Singh in 2016, RED. Health operates a multi-city fleet of over 6,000 ambulances in partnership with more than 100 hospitals and 70 enterprises across 20 cities in India. The new funds will support expansion to over 40 cities and more than 500 hospitals.
"Since our last fundraise, we've made substantial strides in technology development, particularly in refining our dispatch system to ensure seamless operations without delays or errors. With this round, we’re set to scale operations in becoming the only integrated medical emergency response platform in India,” said Prabhdeep Singh, Founder and CEO of RED. Health.
The company also plans to introduce a subscription-based model to provide quick and accessible medical assistance, simplifying pricing variations in the market.