India, July 16 -- Dial4242, India's leading tech-enabled ambulance service platform, has raised Rs 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 ne...