Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="3915307" type="General" weightage="20" keywordseo="stanplus" source="Orion">StanPlus</keyword> has raised $20 million to cut down its response time from 15 to eight minutes.</li><li>It has raised an additional $2 million from Grip Invest for leasing ambulances.</li><li>The company has a network of 3,000 ambulances, of which it owns 200.</li></ul>The ten-minute delivery service <a href="https://www.businessinsider.in/newsletter-23-december-2021/binewsletter/88440534.cms">made all the noise in the latter half of 2021</a> with Swiggy, Grofers (now Blinkit), BigBasket and Zepto jumping on the faster delivery spree. The segment did become wilder when big gun Reliance Industries decided to jump into this segment by <a href="https://www.businessinsider.in/business/startups/news/mukesh-ambani-led-reliance-retail-has-invested-200-million-in-google-backed-dunzo/articleshow/88734641.cms">acquiring </a>a quarter of Dunzo’s business. Critics, however, rightly questioned whether 10 minutes delivery service was the absolute need especially at the time when the country is going through the worst humanitarian crisis of all time. Well this may offer a solace to them that StanPlus — a healthtech company that offers 15 minutes <keyword id="109097" type="General" weightage="20" keywordseo="ambulance-service" source="Orion">ambulance service</keyword> — has raised $20 million to cut down its response time to eight minutes. The company also plans to use this capital to work with over 500 hospitals across 15 metro and Tier II regions of India — including Delhi, Mumbai, Chennai, Jaipur and Ahmedabad — in the next 18 months. It has raised an additional $2 million from Grip Invest for leasing ambulances. Founded by Prabhdeep Singh, Antoine Poirson and Jose Leon in 2016, StanPlus works with the hospitals to manage their emergency response and offers ambulance services as soon as possible. It offers software-as-a-service (SaaS) solutions to the hospital and helps a hospital manage all their emergency responses. It charges these hospitals a certain subscription cost. “The big question is why should hospitals run their own call centres or their own transport systems? They don’t have their best people doing that job. During COVID-19, an average hospital responded to about 30% of their emergency calls. Non-COVID they answer over 65%. Our answer rate is 97% in under two seconds,” StanPlus’s cofounder and chief executive (CEO) Singh told Business Insider. StanPlus also helps the callers get quick response by connecting them to the nearest possible ambulance. The company has a network of 3,000 ambulances, of which it owns 200. The company’s Series A is a mix of equity and debt led by Healthquad, Kalaari Capital, and HealthX Singapore, Pegasus (Hiranandani family office), Avaana Capital’s Sandeep Singhal and serial investor Prashant Malik. The debt funding was raised from N+1 capital and Caspian. Prior to this, the company had raised $2 million in its five years of operations. The delay in ambulance services continues to be a major pain point of the Indian healthcare system. The average ambulance response time in India is 45+ minutes and that leads to a greater risk for a patient's life, Singh said. “The reason for me doing this is because I live in Hyderabad and my parents live in Chandigarh. It really worries me sick that one day there is going to be an emergency and there won't be a response system available for them. So the reason we are building this and the reason we are scaling it so quickly, so that you know we can save all our parents as and when they have an emergency in the near future,” Singh added. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/business/corporates/news/fortune-oil-maker-adani-wilmar-to-open-its-3600-crore-ipo-on-january-27/articleshow/89033308.cms" style="">Fortune oil maker Adani Wilmar to open its ₹3,600 crore IPO on January 27</a> <a href="https://www.businessinsider.in/retail/news/hul-increased-price-of-wheel-detergent-rim-bar-lux-surf-excel-many-times-in-last-three-months/articleshow/89037315.cms" style="">You have been paying more for detergents, soaps over the last three months</a> <a href="https://www.businessinsider.in/investment/news/twitters-long-awaited-hexagonal-profile-pictures-that-give-bragging-rights-to-nft-holders-is-here-but-not-everyone-loves-it/articleshow/89042268.cms" style="">Twitter’s long-awaited hexagonal profile pictures that give bragging rights to NFT HOLDers is here — but not everyone loves it</a>

After 10-minute grocery delivery, a 15-minute ambulance service grabs investor interest

<ul><li>At <keyword id="3915307" type="PERSON" weightage="20" keywordseo="STANPLUS">Stanplus</keyword>, they offer emergency response services for over 40 hospitals and major corporations across India and also provide for emergency patient transport.</li><li>In an interview with Business Insider India, Prabhdeep Singh, the founder of medical transportation startup Stanplus, shares how the company is dealing with the COVID-19 crisis.</li><li>Through its Red Ambulance platform, StanPlus leverages technology to offer premium quality medical response to patients.</li></ul>On Friday, a patient from Hyderabad, whose oxygen levels were dropping rapidly, was successfully transported from the city to Visakhapatnam, a distance of over 600 kilometres (km), in the search of a hospital bed. And coordinating this, was Prabhdeep Singh, the founder of medical transportation startup Stanplus. As the second wave of the COVID-19 pandemic, or the tsunami as people are calling it now, wreaks havoc, it’s startups like Stanplus have offered solutions while the traditional outfits have struggled. From NGOs to individuals and social media platforms like Twitter have filled in a fatal gap in the system. “It’s a race every day,” Singh told Business Insider, as he deals with a barrage of calls during the pandemic. At Stanplus, they offer emergency response services for over 40 hospitals and major corporations across India and also provide for emergency patient transport. Through their corporate tie-ups, the startup claims to handle medical emergency services for over a million people. The five year old startup ⁠— with 130 ambulances of its own, and access to another 2,800 via partnerships across the country⁠ — has been thrown into the spotlight during the pandemic. “The demand is three times what it was during peak Covid months last year. As compared to March this year, the demand is ten times higher now,” he said. <div type="image" title="Red Ambulance 2." msid="82229761" hostid="261"></div> Singh, backed by investors like early stage investment firm Pegasus FinInvest, Hyderabad Angels and others, plans to use this momentum to expand his business. “In the next three years, we aim to own 3,000 ambulances, 100 ambulances in each city we are present in,” he shared. Its Red Ambulance service, which is present in Bengaluru, Hyderabad, Visakhapatnam, Bhubaneswar, Raipur and Coimbatore, will also be launched in Mumbai, Chennai, Kolkata, and Indore soon. Through its Red Ambulance platform, StanPlus leverages technology to offer premium quality medical response to patients. “In the current situation, only 5% of Indians get an ambulance when they need one. And the average time is 45 minutes for an ambulance to arrive, we are bringing that number down to 15 minutes,” he said. However, Singh’s plans go beyond the <keyword id="462899" type="PERSON" weightage="20" keywordseo="emergency-ambulance-service">emergency ambulance service</keyword>. “We are building an integrated emergency response in the country. We are building the kind of intelligence that if you are wearing a smartwatch and have met with an accident or fallen, an emergency response can reach you immediately,” he said. SEE ALSO: <a href="https://www.businessinsider.in/science/news/indias-harrowing-coronavirus-surge-is-a-global-problem-new-variants-and-slow-vaccine-rollouts-are-a-threat-to-countries-everywhere/articleshow/82223055.cms">India’s harrowing coronavirus surge is a ‘global problem’: New variants and slow vaccine rollouts are a threat to countries everywhere</a> <a href="https://www.businessinsider.in/india/news/india-covid-19-first-wave-versus-second-wave/articleshow/82216963.cms">'We're in a much better situation' claims India's Principal Scientific Advisor as COVID-19 claims more lives than ever before</a> <a href="https://www.businessinsider.in/india/news/indias-choked-and-chided-doctors-nurses-and-health-workers-are-also-crying-for-help/articleshow/82215106.cms">India's choked and chided doctors, nurses and health workers are also crying for help</a>

COVID-19 pandemic has thrown the spotlight on a five-year old startup with emergency ambulance service⁠

You Searched For "STANPLUS" and got 2 results

After 10-minute grocery delivery, a 15-minute ambulance service grabs investor interest

Kritti Bhalla

COVID-19 pandemic has thrown the spotlight on a five-year old startup with emergency ambulance service⁠

Sanchita Dash

Popular Keywords

Buying Guides