The company declined to comment on the proportion of debt in the overall mix. Discover the stories of your interestBlockchain5 StoriesCybersecurity7 StoriesFintech9 StoriesE-commerce9 StoriesArtificial Intelligence8 StoriesEdtech6 StoriesIn March 2020, the company had raised $1.5 million, with participation from Hyderabad Angels. Prior to that, the company raised $1.1 million in seed funding from Kalaari’s seed programme, KStart Capital. StanPlus said it would use the funds to scale operations to 500 hospitals and launch its flagship Red Ambulance brand in 15 cities from five currently. “StanPlus has developed an innovative, tech-enabled platform to effectively address emergency responses and manage timely ambulance dispatches through its fleet of Red Ambulances.” ”Founded in 2016, StanPlus is a private ambulance service provider, and allows large hospitals, health apps, as well as wearable operators to enable plug-and-play medical response in case of an emergency.