Medulance

Medical transportation startup Medulance caters to the rising demand for ambulance services across Indian cities and towns through its 7,500-vehicle fleet that reaches the patient’s doorstep within 15-18 minutes of an emergency call. The Delhi-based startup recently raised Rs 2 crore on Shark Tank India; the seed funding was led by Sharks Namita Thapar, Aman Gupta, and Peyush Bansal, at a valuation of Rs 100 crore. Medulance claims that there’s been “significant change” post the TV appearance. “The show has helped highlight Medulance’s work and generated validation among the public, resulting in more visibility, credibility, and awareness among customers. We’ve experienced a surge in inquiries and interest, as people are keen to learn more about the services we offer,” Pranav Bajaj, Co-Founder of Medulance, tells Business Today. Launched in 2017, Medulance has worked towards bettering India’s Emergency Medical Services (EMS) ecosystem, which is not only fragmented but also inadequate. Industry data suggests that in developed countries, an ambulance takes less than 7 minutes to reach a patient. In India, however, it takes an average of 45+ minutes, with each extra minute reducing a patient’s chances of survival by 7-10 per cent. And that’s what Medulance aims to solve with its tech-enabled ambulance aggregator platform. Till date, the startup has assisted 15 lakh patients by deploying 7,500 ambulances in 500+ cities. Medulance receives 1,000-odd servic...

Emergency response provider Medulance has raised ₹2 crore from the Sharks Namita Thapar (Emcure Pharmaceuticals), Aman Gupta (BoAt) and Peeyush Bansal (Lenskart), at a valuation of ₹100 crore. Medulance operates a fleet of 7,500+ ambulances in over 500 cities across India for fast first-point medical attention. The company generated a revenue of ₹24 crore last year, with a 24 per cent profit margin. On receiving funding from Shark Tank India, Pranav Bajaj, Co-Founder, Medulance, said: “We are delighted to receive funding on Shark Tank India Season 2. Over 30 per cent of victims of road accidents and health emergencies in India lose their lives due to delay in receiving first-point medical attention. Rushing the patient to a medical facility in the shortest time possible, the so-called Golden Hour, is critical in saving lives. With our fleet of ambulances, we aim to reduce the response time to a medical emergency drastically. We know we are doing something important, so receiving validation of our work from the Sharks means the world to us. We plan to invest the amount to drive more innovation and expand our pan-India footprint.” Adding to this, Ravjot Singh Arora, Co-Founder, Medulance said, “The experience on the show was a roller coaster, but I am glad that the Sharks saw potential in our business which is providing a critical service to the people of India. It was a tough call to decline the fabulous ₹5 crore offer, one of the highest ever on Shark Tank, and opt for the...

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