Dial4242, a startup that provides ambulance services using technology, has raised INR 9 crore (about $1.04 million) in a pre-Series A funding round.
The round was led by IAN Group, with support from BioAngels, IIM Bangalore’s NSRCEL, and other well-known angel investors.
In September 2023, Dial4242 raised INR 1 crore in its seed funding round. The investment was led by G. Vamshi Raju of Starfish Ventures and a group of angel investors from Hyderabad.
The money raised will help Dial4242 grow its operations and reduce ambulance arrival time from 12 minutes to under 8 minutes. It also plans to open more medical centers in areas that need better healthcare.
The funds will also be used to enhance the company’s technology and recruit additional leaders to strengthen the team.
Dial4242 was started in 2016 by Jeetendra Lalwani, Nilesh Mahambre, and Atin Verma. The company operates a tech-based ambulance network across more than 850 cities in India. Its platform offers real-time tracking, automatic ambulance dispatch, and 24/7 emergency support.
Using a tech-first, asset-light model, Dial4242 has teamed up with companies like Amazon, Zomato, and Swiggy to provide emergency care services to gig workers.
Dial4242 also plans to introduce a low-cost membership plan that will give users free access to ambulance services. It aims to build stronger partnerships with hospitals and keep improving its emergency response services.
The company competes with other ambulance booking services like MeduLance, HelpNow, ESahai, AmbiPalm, and Mo Ambulance.
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