On-demand Ambulance Service Startup StanPlus Raises $1.1 Mn Seed Funding
Hyderabad based on-demand ambulance service startup announced that it raised an investment of $1.1 million seed funding from Kalaari Capital’s Seed Fund Kstart and INSEAD Angels Asia. The round also saw participation from CM Diamant, a chain of medical centres and hospital in Canada and Africa.
The funds will be utilised to increase StanPlus' Advance-Life Support fleet and expand across geographies, innovation and to cover all medical transportation categories in near future. The funding will also be utilised to augment the technology front.
"StanPlus’ approach to medical transportation is enterprising," says Muthiah Venkateswaran, Partner at Kstart, a seed fund initiative of Kalaari Capital, one of India’s leading Venture Capital firms.
Founded in 2016 by three INSEAD MBA graduates ...