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Ambulance startup Red.Health raises $20 Mn in Series B round

EntrackrEntrackr · 1y ago
Ambulance startup Red.Health raises $20 Mn in Series B round
Medial

Ambulance service provider Red.Health (formerly StanPlus) has scooped up $20 million in a mix of equity and debt round led by Jungle Ventures. The Series B round also saw participation from Alteria Capital, and existing backers HealthQuad and HealthX. The Hyderabad-based startup had scooped up $20 million in its Series A round led by Healthquad, Kalaari Capital, and HealthX in January 2022. The participation of Kalaari in Series B couldn’t be ascertained. With this, Red.Health has raked in $43 million across Seed to Series B round since its inception in 2016. Red.Health will use the fresh funds to further innovate its product, advance its technology, and improve its dispatch system, the company said in a press release. Currently, the startup claims to work with over 100 hospitals in 20 cities and it aims to expand its sevrices to 40-50 cities and partner with over 500 hospitals. The Prabhdeep Singh-led company allows large hospitals, health apps, as well as wearable operators to enable plug-and-play medical response in case of an emergency. In January last year, the company went through a rebranding exercise and pivot. Under the new model, it covers four verticals, including RED Ambulances, RED Assist, RED Priority Clinics, and RED Academy. Soon after the rebranding, the firm also launched air ambulance service in more than 500 cities. Meanwhile, The Morning Context’s report also highlighted that Red.Health is struggling to scale. Recently, a Mint report also said that the firm is facing challenges to pay employees’ salaries. Red.Health claims that it reported Rs 100 crore in revenue in FY24 and targets two-fold growth for FY25. Registered in Singapore, Red Health’s Indian entity saw its revenue grow by 45% to Rs 67 crore in FY23 from Rs 46.13Cr in FY22. The company also recorded more than 20 fold jump in its losses to Rs 31.74 crore during the period. In September 2023, ambulance startup Dial4242 announced its seed funding round. BesidesDIAL 4242, Red.Health also competes with MeduLance, HelpNow, ESahai, AmbiPalm and Mo Ambulance, among others.

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Visa processing startup Atlys raises $36 Mn in Series C funding

EntrackrEntrackr · 16d ago
Visa processing startup Atlys raises $36 Mn in Series C funding
Medial

Visa processing startup Atlys raises $36 Mn in Series C funding Founded in 2021 by Mohak Nahta, visa processing startup Atlys allows travellers to discover, apply for and manage visas digitally across more than 120 destinations. Atlys has raised $36 million in a Series C funding round led by Susquehanna Asia Venture Capital. Existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners also participated in the round. Travel platform MakeMyTrip joined the company as a new investor. The company will use the fresh capital to expand into new international markets and advance its AI roadmap. Atlys plans to deploy AI across the visa process including document verification, eligibility checks and traveller support. Since the previous funding round, the startup has processed close to 450,000 visas and expanded its presence across several global markets such as the UAE, the US, the UK and Australia. These international markets now contribute nearly half of the company’s overall business. According to the company, it currently operates at an annual visa run rate of more than 700,000 applications. The firm has recorded 11X growth since its Series B round in 2024. The latest round follows Atlys’ $20 million Series B funding in September 2024 which was co-led by Peak XV Partners and Elevation Capital with participation from DST Global Partners and Headline. Earlier, the startup secured $12 million in a Series A round in September 2023 after it raised $4.25 million in seed funding in October 2021. In February 2025, Atlys also acquired the UK unit of visa services firm Artionis in an all cash deal to expand its presence in Europe and strengthen its visa processing infrastructure. With this expansion and new funding, the company aims to build a global digital visa platform for international travellers.

Ambulance startup Dial4242 raises Rs 9 Cr in pre-Series A round

EntrackrEntrackr · 8m ago
Ambulance startup Dial4242 raises Rs 9 Cr in pre-Series A round
Medial

Ambulance tech startup Dial4242 has raised Rs 9 crore (around $1.04 million) in its pre-Series A funding round led by IAN Group, with participation from BioAngels, IIM Bangalore’s NSRCEL, and other notable angels. Earlier in September 2023, Dial4242 had raised Rs 1 crore in its seed round led by investors G Vamshi Raju, Starfish Ventures, and a clutch of angel investors based in Hyderabad. The proceeds will be used to scale operations, improve ambulance turnaround time from 12 to under 8 minutes, expand medical centers in underserved areas, strengthen tech infrastructure, and boost leadership hiring. Founded in 2016 by Jeetendra Lalwani, Nilesh Mahambre, and Atin Verma, Dial4242 runs a tech-enabled ambulance network in India, covering over 850 cities. Its platform enables real-time tracking, automated dispatch, and 24x7 emergency coordination. With a tech-first, asset-light model, the startup has partnered with firms like Amazon, Zomato, and Swiggy to provide emergency care access to gig workers. The brand also plans to launch a low-cost membership model offering free ambulance access, deepen hospital partnerships, and further improve emergency response standards. Dial4242 competes with the likes of MeduLance, HelpNow, ESahai, AmbiPalm and Mo Ambulance among others in the ambulance booking segment.

Healthtech startup TruDoc raises $15 Mn in pre-Series B round

EntrackrEntrackr · 28d ago
Healthtech startup TruDoc raises $15 Mn in pre-Series B round
Medial

Snippets Healthtech startup TruDoc raises $15 Mn in pre-Series B round Healthtech startup TruDoc Healthcare has raised $15 million in a pre-Series B funding round with participation from the Al Nahyan family. Healthtech startup TruDoc Healthcare has raised $15 million in a pre-Series B funding round with participation from the Al Nahyan family and the Al-Ketbi family, along with existing investor Pulsar Capital. The proceeds will be used to expand its virtual-first healthcare model and scale its at-home critical care services across the GCC region. The firm operates a virtual-first healthcare platform across the Gulf Cooperation Council (GCC), combining telemedicine, chronic disease management, pharmacy delivery, diagnostics and in-home healthcare services. The platform also runs a hospital-at-home program designed to provide critical care outside traditional hospital facilities. The company works with insurers, employers and government entities in markets such as the UAE and Saudi Arabia. The brand integrates multiple healthcare services including virtual primary care, diagnostics, pharmacy delivery and in-home nursing into a single care delivery system designed to manage patient journeys continuously rather than through episodic hospital visits.

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