Business & Policy | Industry Updates

DIAL4242 successfully raises Rs. 1 crore in a seed funding round led by investors G Vamshi Raju, Starfish Ventures

Published: September 27, 2023
Author: Fashion Value Chain

The Country’s foremost and trusted ambulance service provider DIAL4242 has announced the successful closure of its seed funding round by securing a total of Rs. 1 crore. This round was led by investors G Vamshi Raju- Managing Director at Visista Insurance Broking, Starfish Ventures, and several prominent angel investors based in Hyderabad. With a fresh injection of capital, the company is confident of expanding its countrywide presence and reaffirming its commitment to catering to communities, corporates and individuals with accessible and convenient healthcare services.  It’s worth noting that DIAL4242 is the only ambulance service provider in India that has signed up with an insurance player and supporting their policyholders.  

Jeetu Lalwani, Founder – Dial4242, said, “In a period of funding winter, the successful closing of the seed funding round testifies the trust and confidence of investors in DIAL4242’s vision and commitment. We have demonstrated our capabilities by successful partnership with major players in the Gig economy and Insurances sector and delivering ambulances to 5 million plus members in less than 15 mins. The secured capital will be pivotal in expanding our reach and enhancing our services.

G Vamshi Raju – MD | Visista Insurance Broking Pvt Ltd – “Investing in Dial4242 isn’t merely a strategic decision; it’s a commitment to elevating lives. This investment transcends financial objectives; it’s about actively contributing to lifesaving solutions and fostering greater healthcare accessibility. In India, the ambulance and healthcare sector holds pivotal significance and I believe Dial4242 can be a game changer. Being a part of the insurance sector for over two decades, have given us a profound understanding of the imperative nature of immediate medical assistance during emergencies.

DIAL4242 has recently partnered with leading brands including Swiggy and Zomato, and supporting their delivery partners with ambulances in a record time of 15 mins. It is also doing Mobile medical unit (MMU) support for lot of other clients.

Related Posts

Hologenix partners with Duluth Trading Co. On new collection that offers shoppers quicker recovery and better rest

Decoding the Intersectionalities between Climate Change and Sustainable Development Goals in the Global South: A Dasra and ORF Report

Interim Budget 2024-25 Ignites Hope for Real Estate & Infrastructure Growth