Private Equity PE-VC Fund Investments
Emergency ambulance service provider Medulance raises Rs.24-Cr from Auxano Capital, others
Source Inc42 (opens in a new tab)
New Delhi-based healthtech firm Medulance has raised INR 24 crore (USD 2.5 million) in a Series A funding round. The transaction saw participation from Auxano Capital, Alkemi, Equentis, and a group of angel investors.Founded in 2017 by Pranav Bajaj and Ravjot Singh Arora, the company provides GPS-based emergency response and ambulance booking services. The firm intends to use the new funds to scale its emergency services across India, grow its hospital and enterprise business, and enhance its technology and fleet of connected ambulances.
Between Apr 2024 and Oct 2025, Medulance had attracted about USD 4.19-M from Equentis, 3i Partners, Alkemi Venture Partners, Dexter Ventures and others.For FY25, Medulance had reported about INR 62 Cr in Operating Income and about INR 17 Cr in Net Loss.