Ambulance operator Red.Health raises $20-M led by Jungle Ventures

Red.Health , a Hyderabad-based medical emergency response startup that dispatches ambulances, has raised USD 20 million Series B funding, in a mix of equity (80%) and debt (20%). The funding round was led by Jungle Ventures with participation from Alteria Capital, HeahthQuad and HealthX.The firm will use the funds for further innovations in its product, for enhancing technology, and improving dispatch systems to minimise human errors and improve response time. The funding will also be used to expand Red.Health’s services across 40-50 cities and partner with over 500 hospitals.