Nilesh Mahambre (Dial4242)
Overview
Nilesh Mahambre is a notable figure in the Indian healthcare technology sector, primarily recognized as a co-founder of Dial4242, a leading tech-enabled ambulance service platform in India. Established in 2016, Dial4242 was founded alongside Jeetendra Lalwani and Atin Verma with the mission to revolutionize emergency medical services by making ambulances more accessible and reliable. The service operates in over 850 cities in India, offering real-time ambulance tracking, automated dispatch, and 24/7 call center support. Under Mahambre's leadership, Dial4242 has made significant strides in enhancing the efficiency and availability of emergency medical services.
Recent Developments
- July 2025: Dial4242 raised INR 9 crore in a pre-Series A funding round led by IAN Group, with participation from BioAngels, IIM Bangalore's NSRCEL, and other angel investors. The funding will be used to reduce ambulance turnaround time from 12 minutes to under 8 minutes, enhance technology, expand into underserved regions, and strengthen leadership and marketing efforts.
- September 2023: The company succeeded in raising INR 1 crore in seed funding from G Vamshi Raju, Starfish Ventures, and a group of Hyderabad-based angel investors. This was aimed at improving their tech infrastructure and expanding their services.
- Expansion Plans: Dial4242 plans to introduce a low-cost membership service offering free ambulance access, deepen hospital partnerships, and further improve emergency response standards in India.
- Strategic Partnerships: The platform has formed alliances with major companies like Amazon, Swiggy, and Zomato to provide medical support to gig workers, showcasing its strategic approach to widen its service network.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Nilesh Mahambre |
| Nationality | Indian |
| Occupation | Co-Founder of Dial4242 |
| Known For | Co-Founding Dial4242 |
| Education | Engineer with experience in IT sector |
Early Life and Education
Nilesh Mahambre was born and raised in India. He pursued engineering and accumulated significant experience in the IT sector, which spanned over two decades. Before venturing into entrepreneurship, Mahambre was associated with Tata Consultancy Services where he honed his skills in IT services. His professional journey in IT provided him with a robust foundation in technology and operations, crucial for his later ventures in healthcare technology.
Career and Notable Achievements
- Professional Background: Mahambre’s career in IT and services equipped him with the necessary skills and insights to transition into the healthcare tech sector. His previous stints included roles at Tata Consultancy Services and Lionbridge Technologies.
- Founding Dial4242: In 2016, alongside Jeetendra Lalwani and Atin Verma, Mahambre co-founded Dial4242, which has grown to be India's largest on-demand ambulance network.
- Key Achievements: Under his leadership, Dial4242 has expanded its reach across 850 cities, introduced advanced real-time tracking systems, and significantly reduced emergency response times.
- Awards and Recognition: The startup has been recognized for its innovative solutions and impact in healthcare, receiving accolades from platforms like ET Now.
Current Work and Impact
Currently, Nilesh Mahambre continues to drive Dial4242’s growth and expansion, focusing on enhancing technology infrastructure and scaling its operations to cater to a wider demographic across India. The impact of Dial4242 is profound, providing faster and more reliable access to medical services, directly contributing to saving lives and improving healthcare accessibility in the country.
Conclusion
Nilesh Mahambre’s contributions as a co-founder of Dial4242 have established him as a pivotal figure in transforming emergency medical services in India. With a vision rooted in addressing the critical gaps in healthcare delivery, Mahambre’s work through Dial4242 has not only enhanced service efficiency but also expanded the safety net for millions of Indians requiring emergency care. As the platform continues to evolve, it is poised to further cement its role in the healthcare sector, promising a legacy of innovation and accessibility.