Medulance secures $3mn in series A Funding Led by Alkemi Growth Capital
Written by Arushi Sharma
Medulance secures $3mn in Series A funding led by Alkemi Growth Capital to enhance emergency services technology across India. With a focus on reducing response times and expanding to Tier 2 and Tier 3 cities, Medulance aims to ensure quality care nationwide.
Medulance, a prominent player in the emergency management technology sector, has successfully raised $3 million in Series A funding, with Alkemi Growth Capital leading the investment round. This funding will fuel Medulance's expansion efforts across India, with a primary focus on enhancing emergency services technology to address challenges in service execution on a large scale.
The funding infusion will enable Medulance to further reduce emergency call answering time and emergency services response time in over 500 cities across India. Additionally, the company plans to extend its reach to Tier 2 and Tier 3 cities, aiming to ensure uniform quality of services nationwide.
Participation in the funding round was not limited to Alkemi Growth Capital; it also saw backing from notable investors including Dexter Capital, Aman Gupta, and Namita Thapar. This significant investment comes after Medulance's successful operation as a bootstrapped entity for six years, highlighting the company's growth potential and investor confidence.
With a vision to make a substantial impact in India's populous landscape, Medulance intends to expand its presence to over 1000 cities within the next 15-18 months. Emphasizing patient safety and quality of care, the company aims to establish public-private partnerships to extend its services to an additional 3-4 states in the foreseeable future.
In line with its commitment to elevating emergency response standards, Medulance recently launched the Medulance Healthcare Academy. This initiative aims to address a critical challenge in the emergency response space: the quality training of paramedic personnel. By expanding its education vertical and enhancing paramedic workforce training, Medulance endeavors to elevate care standards and ensure the delivery of high-quality emergency services nationwide.
The successful Series A funding marks a significant milestone for Medulance, propelling the company towards its goal of revolutionizing emergency response systems and improving healthcare outcomes across India.