RED.Health Raises $20 Million for Emergency Response Platform
RED.Health, a medical emergency response platform, secured $20 million in Series B funding led by Jungle Ventures. The funds will be used to enhance technology and expand operations in India.
New Delhi, May 15 (PTI) Medical emergency response platform RED.Health on Wednesday said it has raised USD 20 million (around Rs 167 crore) in Series B funding round.
The new investment was led by Jungle Ventures and saw participation from existing and new investors, including HealthQuad, HealthX, and Alteria Capital, it said in a statement.
The company intends to utilise the funds to bring in technology-driven solutions like auto-dispatch system that will minimise human errors and optimise response time, it added.
"With this round, we're set to scale operations in becoming the only integrated medical emergency response platform in India," RED.Health Founder and CEO Prabhdeep Singh said.
The new investment was led by Jungle Ventures and saw participation from existing and new investors, including HealthQuad, HealthX, and Alteria Capital, it said in a statement.
The company intends to utilise the funds to bring in technology-driven solutions like auto-dispatch system that will minimise human errors and optimise response time, it added.
"With this round, we're set to scale operations in becoming the only integrated medical emergency response platform in India," RED.Health Founder and CEO Prabhdeep Singh said.
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