Dial4242, India’s top tech-driven ambulance service, has raised Rs 9 crore in a Pre-Series A round led by IAN Group. Other investors include BioAngels, IIM Bangalore’s NSRCEL, and well-known angel investors.
The funds will help Dial4242 cut its ambulance response time from 12 minutes to under 8 minutes. The company plans to upgrade technology, boost marketing efforts, expand medical centers in areas lacking good healthcare, and hire key leaders.
Founded in 2016 by Jeetendra Lalwani, with Nilesh Mahambre and Atin Verma as co-founders, Dial4242 runs the country’s largest on-demand ambulance network. It covers more than 850 cities. Its platform offers real-time tracking, automatic dispatch, and a 24/7 call center. These features aim to improve emergency response and access in India.
Using a tech-first and asset-light model, Dial4242 has partnerships with big names like Amazon, Zomato, and Swiggy. It provides medical aid to gig workers across the country. Its average response time of less than 12 minutes is the quickest in India.
The new funds will help upgrade the tech platform, increase trip numbers through marketing, introduce a low-cost ambulance membership, open medical centers in key locations, and grow its teams in product, business, and operations.
In the next year, Dial4242 plans to deepen partnerships with hospitals, expand its user base, and keep India’s fastest emergency response time.