The emergency response company Stanplus has raised $20 million in Series A funding from marquee investors, including HealthQuad, Kalaari Capital, and HealthX Capital Singapore.
Pegasus (Hiranandani family office), Sandeep Singhal (Avaana), and Prashant Malik also participated alongside a clutch of angel investors.Veda Corporate Advisors were exclusive advisors to StanPlus and its shareholders.
The funding will be used to scale up operations and reduce ambulance ETA from 15 minutes to eight minutes.