Funds to augment operations, expansion and innovations
StanPlus, the Hyderabad based medical transportation startup today announced securing an investment of USD 1.1 million funding as Seed funding for a minority stake. This fund will help continue its aggressive scale-upin the rapidly growing medical transportation industry inIndia. The latest round of investment is being led by Kstart (Kalaari Capital’s Seed Fund)andco-invested by CM Diamant, a chain of medical centres and hospital in Canada and Africa, and INSEAD Angels (Asia).
Speaking on the utilization of the funding, Mr. Prabhdeep Singh, Co-Founder & CEO says “The amount invested will be used to increaseour Advance-Life Support fleet and expand across geographies, innovate with cutting-edge technologiesand to cover all medical transportation categories in near future”
StanPlus receives an average of 60+ calls per day. With a fleet of 300+ Ambulances, 60+ ambulance operators on board, 15 hospitals accounting for 2000+ beds that exclusively use StanPlus’ highly dependable ambulance network, the company gives customers a single number access to every hospital’s ambulance.
Adding to this, Mr. Antoine Poirson, Co-Founder & COO says, “Our aim is to empower people during difficult situations. We see a huge gap in the ambulance transportation service from home to hospital and hospital to home especially in the non-emergency sector. In fact, our successful operations have only strengthened our relationship with private and general hospitals allowing them to focus on providing best care to patients, outsourcinglogistics and transportation hassle to us. With this additional investment we would like to continue our remarkable growth of the last 1 year and supplement our vision and mission.”
Speaking on the technology front, “the additional investment would be utilized to augment our technology. There’s a lot that we are doing that has never been done before anywhere in the world ”, adds Jose Leon, Co-Founder & Technical Advisor.
“StanPlus’s approach to medical transportation is enterprising,” says MuthiahVenkateswaran, Partner at Kstart, a seed fund initiative of Kalaari Capital, one of India’s leading Venture Capital firms. “We are confident in their ability to achieve scale and successfully address the problem of lack of reliable medical transportation services across the all areas of healthcare.”
Although the sector is in a very nascent stage, since its establishment in 2016, StanPlus has been revolutionizing the market with its standardization, processes, systems, quality, care and availability of trained staffs and paramedics on board.