Build story · India · Shark Tank India Season 2
Medulance Shark Tank India: deal, valuation & business model
Pranav Bajaj and Ravjot Arora's Medulance organises ambulance services so patients can book one quickly.
By Shivam Bhandari · Reviewed 31 October 2026 · How we write
by the numbers
- Deal
- ₹2 crore for 2% equity
- Implied valuation (equity portion)
- about ₹100 crore
- Season
- 2 (aired 2 January – 13 March 2023)
- What they sell
- Ambulance booking and emergency response network
What happened
Ambulance services in India are fragmented, and finding one quickly in an emergency can be difficult. Medulance, founded by Pranav Bajaj and Ravjot Arora, aggregates and operates ambulances that can be booked through an app or call centre.
Aggregating fragmented supply and adding technology for dispatch and tracking can improve response times — the same playbook used by cab aggregators, applied to emergency healthcare.
On Shark Tank India Season 2, Medulance closed a deal of ₹2 crore for 2% equity. The equity portion implies a valuation of about ₹100 crore for the business.
Timeline
- 2023
Pitched on Shark Tank India Season 2.
- Deal
₹2 crore for 2% equity.
the lesson
Applying aggregator models to fragmented, critical services can save time when it matters most.
Apply it to your business
- 1Look for fragmented services that are hard to find quickly.
- 2Technology for dispatch and tracking adds trust.
- 3Partnerships with hospitals and insurers expand reach.
Laws at work in this story
Figures are rounded and drawn from public reports, company filings and widely cited coverage at the time. Check the company's latest filings before relying on any number.