Aming to support people with quick medical care, CarDekho has onboarded ambulance service provider Medulance on its mobile app and website. Amit Jain, the new Shark on Shark Tank India show, decided to add Medulance, a GPS-based platform enabling fas
Get latest articles and stories on Business at LatestLY. India s first Integrated Emergency Response Provider Medulance created history on television when it was offered a whopping Rs. 5 crore for 5 per cent equity on the Shark Tank India Season 2 that aired on Sony Entertainment Television on Friday, February 17, 2023. This was only the second time in the history of the show that such a huge amount was offered to entrepreneurs by the Sharks. Business News | Emergency Response Provider Medulance Wins Rs 2 Cr Deal on Shark Tank India Season 2 at Valuation of Rs 100 Cr.
New Delhi [India], February 20 (ANI/NewsVoir): India's first Integrated Emergency Response Provider Medulance created history on television when it was offered a whopping Rs. 5 crore for 5 per cent equity on the Shark Tank India Season 2 that aired on Sony Entertainment Television on Friday, February 17, 2023. This was only the second time in the history of the show that such a huge amount was offered to entrepreneurs by the Sharks. One of the Sharks, Amit Jain, the Co-founder and CEO of CarDekho Group, offered the Medulance founders Pranav Bajaj and Ravjot Singh Arora an investment of Rs. 5 Crore in exchange for 5 per cent equity. The duo, however, accepted a counter-offer of Rs. 2 crore for 2 per cent equity by the Sharks Namita Thapar (Emcure Pharmaceuticals), Aman Gupta (BoAt) and Peeyush Bansal (Lenskart), at a valuation of Rs 100 crores. Medulance operates a fleet of 7,500+ ambulances in over 500 cities across India for fast and reliable first-point medical attention. The com