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Medulance posts revenue of Rs 16 crore in FY20-21

Targets expansion to 100+ cities pan India

Ambulance and paramedical services aggregator, Medulance Healthcare, has posted five times revenue growth in one year since the company turned profitable in FY19-20. The company has reported a revenue of Rs 16 crore in FY20-21. The growth is a true testament to the seamless delivery of Medulance’s ambulance and paramedical services that have assisted more than three lakh lives across India during the pandemic.

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Medulance runs a fleet of 5800 ambulances across 22 cities and the aggregator aims to increase the fleet to approx. 7000 by the end of 2021 and 12000 by the end of 2025. Currently, the paramedical services startup takes more than 400 calls daily and services 95 per cent of these distress calls with its GPS-enabled ambulances with a dispatch time of just 3-4 minutes. During the second wave of the pandemic, this number went as high as 1400+ calls per day.

Medulance plans to launch a mobile application to provide easy access to a range of value-added healthcare services like teleconsultation, e-pharmacy, ICU at home, diagnostics, dialysis and mental wellness consultations.

“At Medulance, we believe in providing exemplary services powered by cutting-edge technology to save lives. This is a testament to our phenomenal revenue growth in FY20-21”, said Pranav Bajaj, Co-founder, Medulance while commenting on the growth. “By the year 2025, we are eyeing the expansion of our fleets to more than 100 cities across India and at least 300 ambulances each in the top 15 cities. We, at Medulance are expecting an annual recurring revenue of Rs 30 crore by the end of 2021. Through our platform, we will continue to strive to grow exponentially while ensuring seamless emergency services to the patients,” he added.

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