# Ziqitza Health Care

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ziqitza-health-care

- Industry: Healthcare
- Headquarters: Mumbai, India
- Website: www.zhl.org.in
- Total disclosed funding: $5M
- Latest round: Series B (Mar 31, 2010)
- Investors on record: 3

## About

Ziqitza Health Care Limited (ZHL) is an established provider of emergency medical services in India, delivering critical healthcare solutions through its extensive ambulance and medical support operations.Founded in 2004 in Mumbai, India, Ziqitza Health Care Limited specializes in emergency medical services. The company has not undergone any significant pivots or changes in its core business operations. ZHL was founded by Ravi Krishna, and currently managed by CEO Manoj Meena. The company has successfully raised a total of USD 12.00 mn through its most recent funding round, which was a GROWTH round concluded on May 19, 2022, with a total of 4 deals.Ziqitza Healthcare Limited (ZHL) is a prominent provider of emergency medical services (EMS) in India, specializing in a diverse range of products and services designed to address urgent healthcare needs. The company’s core offerings include ambulance services, medical helplines, mobile medical units, and corporate health solutions. These services cater to individuals requiring immediate medical attention, corporate clients focused on employee health, and government bodies enhancing public health infrastructure. ZHL operates across 60 cities in India, effectively serving rural, urban, and corporate environments. Their extensive client base includes hospitals, government agencies, and corporations, ensuring prompt medical interventions for over 30 million customers nationwide. By leveraging advanced technology in their operations, ZHL aims to provide swift emergency responses, while evolving service capabilities to meet the dynamic needs of users.In the year 2023, Ziqitza Health Care Limited reported a revenue of USD 63.91 mn and an EBITDA of USD 8.53 mn. The company primarily generates revenue through service contracts with government agencies, corporate partnerships, and direct service provision to individual users. Business transactions typically involve subscription models for ambulance services and one-off fees for specific medical interventions. The 108 Emergency Ambulance service is vital for urgent medical transport, supplemented by on-site medical rooms and telehealth consultations. Partnerships with health organizations and corporate clients ensure a consistent revenue stream by providing comprehensive health solutions tailored to client needs.Ziqitza Health Care Limited plans to leverage its recent GROWTH funding to enhance its service offerings and expand its geographic footprint. The company aims to introduce new products, including advanced telehealth services, by the end of 2023. ZHL is also exploring opportunities to extend its operations into additional markets within India and neighboring regions, targeting urban centers with a growing demand for emergency medical services. The acquisition by MUrgency Inc. in May 2022 positions ZHL to benefit from synergies and increased resources, supporting its ambitious growth strategy.

## Funding rounds

- Series B, Mar 31, 2010, $3.4M — IDFC, HDFC Holdings, Acumen
- Series A, Mar 7, 2007, $1.6M — Acumen

## Investors

- Acumen (https://capitalatlas.ai/funds/acumen) — Series A, Series B
- IDFC — Series B
- HDFC Holdings — Series B