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HomeEnglishAlkemi leads funding in emergency healthcare firm Medulance - Times of India

Alkemi leads funding in emergency healthcare firm Medulance – Times of India

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NEW DELHI: Medulancea player in the emergency healthcare services sector, has secured $3 million in Series A funding, led by Alchemy Growth Capital. The funds will be used to increase its presence across the country, while focusing on emergency management technology. This includes a further reduction in emergency call answering time and emergency services response time in more than 500 cities in India, says a company statement.
The funding round also saw participation from marquee investors such as Dexter Capital, Aman Gupta, and Namita Thapar. Medulance has secured the funding after running as a profitable bootstrapped company for six years.
Medulance aims to make a large-scale impact in a populous country like India where the incidence of acute life-threatening diseases is also high, by reaching Tier 2 and Tier 3 cities.
In the next 15-18 months, Medulance plans to expand to over 1000 cities in the country, prioritizing patient safety and quality of care in every region



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