Dial4242 Raises ₹9 Crore in Pre-Series A Funding Led by IAN Group
New Delhi, 15th July 2025: Dial4242, India’s leading tech-enabled ambulance service platform, has raised ₹9 crore in a Pre-Series A funding round led by IAN Group, with additional participation from BioAngels, IIM Bangalore’s NSRCEL, and other prominent angel investors.
The funds will be used to strengthen Dial4242’s mission of ensuring ambulance availability across India by reducing its current turnaround time (TAT) from 12 minutes to under 8 minutes. The company will also invest in technology upgrades, marketing, expansion of medical centers in underserved areas, and key leadership hires.
Founded in 2016 by Jeetendra Lalwani, along with co-founders Nilesh Mahambre and Atin Verma, Dial4242 operates the country’s largest on-demand ambulance network, covering 850+ cities. The platform provides real-time ambulance tracking, automated dispatch, and a 24×7 call center—addressing India’s long-standing issues of emergency response time and accessibility.
With its asset-light and tech-first model, Dial4242 has built strategic partnerships with major players such as Amazon, Zomato, and Swiggy, offering medical support to gig workers nationwide. Its average turnaround time of under 12 minutes makes it the fastest in the country.
“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!”
Dial4242 will use the funds to strengthen its tech platform, boost trip volumes through marketing, launch free ambulance services through a low-cost membership, set up medical centers in key areas, and expand its product, business, and operations teams.
Over the next 12 months, the company aims to deepen hospital partnerships, grow its retail user base, and maintain the fastest emergency response standard in India. Dial4242 has been recognized for its innovation and impact in healthcare by ET Now and has received the prestigious Maharashtra Startup Innovation Award.
About Dial4242
Dial4242 is India’s fastest-growing platform for tech-enabled, on-demand ambulance services. Operating in over 850 cities, it provides swift, affordable, and reliable emergency medical transportation supported by robust technology, a dedicated call center, and India’s largest aggregated ambulance network.
About IAN Group
IAN Group is the country’s single largest platform for seed and early-stage investment, with IAN Angel Network, BioAngels, IAN Fund I, and IAN Alpha Fund enabling entrepreneurs to raise from ₹50 lakhs to ₹50 crores. The platform brings money, mentoring from successful entrepreneurs, and global market access. It is sector-agnostic and has funded innovative startups across 19 sectors in India and 7 other countries, thereby growing the global footprint of companies. IAN has been listed by Forbes as one of the iconic business and economic events of Independent India over the last 75 years, alongside LIC, NASSCOM, RBI, and Naukri.com.