Ambulance tech startup Dial4242 raises Rs 9 Cr in pre-Series A round

Dial4242, a tech-driven ambulance service platform, has raised Rs 9 crore in a Pre-Series A funding round led by IAN Group.

The round also saw participation from BioAngels, IIM Bangalore’s NSRCEL and other angel investors.

The funding will help the company cut ambulance turnaround time from 12 minutes to under 8 minutes. It also plans to invest in tech upgrades, marketing, expanding medical centers in underserved areas, and hiring key leadership.

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“The loss of my father, my greatest inspiration, was the most painful moment of my life—but it sparked a mission to turn grief into impact. This became a mission to ensure that no life is lost due to the unavailability of an ambulance,” said Jeetendra Lalwani, Co-founder of Dial4242.

Padmaja Ruparel, Co-founder, IAN Group, said, “Dial4242 is truly solving a real problem and surely a need that can arise any time. This team led by Jeetendra has already established the operations on a strong footing with a robust business model with a direct focus on saving lives. Dial4242 brings excellent execution with empathy!”

About Dial4242 

Cofounded in 2016 by Jeetendra Lalwani, Nilesh Mahambre and Atin Verma, Dial4242 runs India’s largest on-demand ambulance network, operating in over 850 cities. The platform offers real-time ambulance tracking, automated dispatch, and a 24/7 call center—tackling India’s long-standing emergency response challenges.

Using a tech-first, asset-light approach, Dial4242 has partnered with major companies like Amazon, Zomato, and Swiggy to provide medical support to gig workers across the country. With an average response time of under 12 minutes, it is currently the fastest ambulance service in India.

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In the next 12 months, Dial4242 plans to strengthen its partnerships with hospitals, expand its retail user base, and continue delivering the fastest emergency response in India.

The company has been recognized for its innovation and impact in healthcare by ET Now and was awarded the prestigious Maharashtra Startup Innovation Award.