Ambulance-tech startup Dial4242 has raised ₹9 crore (~$1.04 million) in its pre-Series A round, led by IAN Group, with participation from BioAngels, NSRCEL (IIM Bangalore), and several prominent angel investors.
The funding marks a significant milestone in the company’s mission to transform India’s emergency medical response infrastructure.
The capital will be used to scale operations, reduce ambulance turnaround time from 12 to under 8 minutes, expand medical access in underserved regions, upgrade its technology stack, and strengthen leadership hiring. Dial4242 also plans to introduce a low-cost ambulance membership model and build deeper partnerships with hospitals.
Founded in 2016 by Jeetendra Lalwani, Nilesh Mahambre, and Atin Verma, Dial4242 operates a tech-enabled, asset-light ambulance network that spans 850+ cities across India. The platform features real-time tracking, automated dispatching, and 24/7 emergency coordination, ensuring quicker and more reliable ambulance services.
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Previously, the startup raised ₹1 crore in a seed round in September 2023, led by G Vamshi Raju, Starfish Ventures, and a network of Hyderabad-based angels.
Dial4242 has partnered with companies like Amazon, Zomato, and Swiggy to provide emergency support to gig workers.