StanPlus raises $1.1 million in seed funding. StanPlus, Hyderabad based medical transportation startup has secured $1.1 million as seed funding for a minority stake from KStart Capital. Instead Angels and CM Diamant a chain of medical centers and hospital in Canada and Africa. StanPlus ambulances are equipped with advanced support systems, cardiac machines, trained paramedics and are tracked using GPS.
Co-founder and COO Antoine Poirson said StanPlus receives about 60 calls a day. It has a fleet of 300 ambulances and 60 ambulance operators and 15 hospitals accounting for 2,000 beds that exclusively use its ambulance network. StanPlus’s approach to medical transportation is enterprising Muthiah Venkateswaran, Partner at Kstart a seed fund initiative of venture capital firm Kalaari Capital.
StanPlus was founded in 2016 by three graduates Singh, Poirson and Jose Leon with an aim to build India’s largest ambulance network. With a promise to service requests within 15 minutes of booking, StanPlus is currently spread across eight cities including Hyderabad. StanPlus claims that they have virtually revolutionized the ambulance service in the country by introducing path-breaking technologies, processes, and systems, including the use of trained manpower in all areas of their business.
Co-founder and chief executive of StanPlus said the seed funding will be used to increase their advance-life support fleet and expand across geographies apart from innovating with cutting-edge technologies and covering all medical transportation categories in the near future. In a statement to achieve scale and successfully address the problem of lack of reliable medical transportation services across all areas of healthcare.
The company says it is building a reliable ambulance service one where the ambulance is summoned through one dedicated hotline number and arrives within 15 minutes. StanPlus has partnered with 15 hospitals for the service. The company said it will use the funds to expand the network of ambulances and expand to more geographies, besides adding technology features to its fleet.