About Bima Garage
Bima Garage is a company based in Thane (India) founded in 2018 by Hemant Tiwari, Sonal Sandesh Mishra, Vaibhavi Devang Parmar, Devang Hasmmukhlalji Parmar, and Sandesh Mishra. Bima Garage has raised $874.99 thousand across 2 funding rounds from investors including JCR Consulting, Hansa Raval and Mythili Vardhan. The company has 90 employees. Bima Garage operates in a competitive market with competitors including ClaimBuddy, Vitraya, ClaimTherapist, ClaimKar and Instic Technologies, among others.
- Headquarter Thane, India
- Employees 90
- Founders Hemant Tiwari, Sonal Sandesh Mishra, Vaibhavi Devang Parmar, Devang Hasmmukhlalji Parmar, Sandesh Mishra
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website bimagarage.com
- Social Facebook YouTube
- Legal Name Bg Networks Private Limited
- Date of Incorporation 19 Jun, 2018
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹6.16 Cr
FY 2025 · -26% YoY
- Net Loss-₹3.78 Cr
FY 2025 · -61% margin
- EBITDA-₹1.19 Cr
FY 2025 · -19% margin
- Total Equity Funding$874.99K (USD)
in 2 rounds
- Latest Funding Round$692.19K (USD), Seed
Jul 2021
- InvestorsJCR Consulting
& 8 more
- Employee Count90
Associated legal entities of Bima Garage
Bima Garage operates through Bg Networks Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bg Networks Private Limited CIN U74999MH2018PTC310945 | Active | 19 Jun 2018 | Thane, Maharashtra | ₹6.2 Cr | 90 | 4 | View details |
Apps and channels of Bima Garage
Bima Garage publishes 1 mobile app with over 10K+ downloads; its YouTube channel HobNob - The Insurance Community has 344 subscribers and 30 videos.
Videos from Bima Garage
The most watched videos on Bima Garage's YouTube channel, HobNob - The Insurance Community (344 subscribers). Click a video to play it here.
More on HobNob - The Insurance Community.
Funding Insights of Bima Garage
Bima Garage has successfully raised a total of $874.99K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $692.19 thousand completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $874,988
- Total Rounds 2
- Last Round Seed — $692,188
- First Round $182,800
(Jan 2020)
- Investors Count 9
All 2 funding rounds of Bima Garage with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $692,188 | Seed | $2.03M | JCR Consulting | |
| Jan 2020 | $182,800 | Seed | $701,730 | Mythili Vardhan, Varadan Devanathan |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2021 | $2.03M | •••••••• |
Last known valuation $2.03M (Jul 2021). 9 investors in total: 1 institutional and 8 angel.
Investors in Bima Garage
Bima Garage has secured backing from 9 investors, including institutional and angel investors. Prominent investors backing the company include JCR Consulting, Hansa Raval and Mythili Vardhan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manages an infrastructure fund focused on the energy sector. | 2007 | jcrtrade.com | Bogota, Colombia | |
HR Hansa Raval | - | – | unknown_2bc2fe9bbad5461d9 | - |
MV Mythili Vardhan | - | – | unknown_b320312e6e0d42a18 | - |
VD Varadan Devanathan | - | – | unknown_b02213d2284f48638 | - |
SD Sangeeta Dharmendra Raval | - | – | unknown_a6066e74ac0e477cb | - |
PS Padyuman S Jha | - | – | unknown_8244a058af71439f8 | - |
JA Jaya Attar | - | – | unknown_8593e12170bc4125b | - |
JR Jashvant Raval | - | – | unknown_01a0c3629756402fb | - |
VD Vaibhavi Devang Parmar | - | – | unknown_522cfb9e3c0344fb8 | - |
Investor details for Bima Garage
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Bg Networks Private Limited (Bima Garage)
Bg Networks Private Limited is the primary company behind Bima Garage. The board of Bg Networks Private Limited currently have 4 directors; the longest-serving is Devang Hasmmukhlalji Parmar, appointed in 2019. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devang Hasmmukhlalji Parmar DIN 08536375 | Director | 13 Jul 2019 | 7 yrs 2 mo | Bg Networks Private Limited |
| Sandesh Mishra DIN 08534944 | Director | 13 Jul 2019 | 7 yrs 2 mo | Bg Networks Private Limited |
| Jashvant Raval Chandulal DIN 00171896 | Director | 06 Jan 2020 | 6 yrs 9 mo | Bg Networks Private Limited |
| Varadan Devanathan DIN 03594226 | Director | 17 May 2023 | 3 yrs 4 mo | Bg Networks Private Limited |
People of Bima Garage
5 people are tracked at Bima Garage (5 in leadership); the tracked headcount is 90.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CDO | Leadership | |
| Co-Founder | Leadership | |
Vaibhavi Devang Parmar | Co-Founder | Leadership |
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Bima Garage
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Bima Garage
Figures of Bg Networks Private Limited, the primary company behind Bima Garage, for FY 2025. Revenue was ₹6.16 Cr (-26% year on year). Net loss was -₹3.78 Cr (-61% margin). EBITDA was -₹1.19 Cr (-19% margin). Revenue has grown at a compounded annual rate of +37% over three years and +39% over five years.
- ₹6.16 CrRevenue · FY 2025 · -26% YoY
- -₹3.78 CrNet loss · -61% margin
- -₹1.19 CrEBITDA · -19% margin
- ₹1.84 CrPaid-up capital
- 90Employees (provident fund records)
- +37%Revenue CAGR, 3 years
- +39%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Bg Networks Private Limited are on its company page.
Detailed financial statements for Bima Garage
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Bima Garage
4 dated milestones of Bima Garage across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Bima Garage is founded.
- Funding First funding round of $183K.
- Funding Latest funding round, Seed, of $692K.
- Milestone Reaches Minicorn status.
Competitors of Bima Garage
Bima Garage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ClaimBuddy, Vitraya, ClaimTherapist, ClaimKar and Instic Technologies, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| claimbuddy.in | 2020 | Gurugram, India | $8.24M | 98 | Platform offering medical insurance claims support solutions | |
| vitraya.com | 2019 | Delhi, India | $12.83M | 71 | Automated claims adjudication and settlement are provided for healthcare. | |
| claimtherapist.com | 2019 | Gurugram, India | $367,592 | 58 | Health insurance claims management is provided online. | |
| claimkar.com | 2013 | Ahmedabad, India | – | – | Provider of insurance claim processing and documentation services | |
| instic.ai | 2020 | Pune, India | – | – | Provides AI-based solutions for managing health insurance claims efficiently. | |
| easeclaim.com | 2023 | Gurugram, India | – | – | Provides a streamlined health insurance claim processing solution for individuals. |
Detailed competitors of Bima Garage
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Bima Garage
10 companies that operate in the same segment as Bima Garage (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 466.54 M | USD 1.12 B | 4,530 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 643.86 M | USD 615.2 M | 1,240 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.2 B | – | – | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 478 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,400 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | – | – | |
Provider of protection plans and repair services for gadgets and appliances | 2011 | Mumbai, Maharashtra, India | USD 53.15 M | USD 35.77 M | 336 |
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Frequently Asked Questions about Bima Garage
Bima Garage was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Bima Garage is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
Sandesh Mishra is the current CEO of Bima Garage. They have also founded this company.
Bima Garage is a funded company, having raised a total of $874.99K across 2 funding rounds to date. The company's 1st funding round was a Seed of $182.8K, raised on Jan 2020.
Bima Garage has 90 employees.
The primary company behind Bima Garage, Bg Networks Private Limited, reported revenue of ₹6.16 Cr for FY 2025, down 26% year on year.
Bima Garage was founded in 2018 in Thane, India, within the health insurance technology sector. Solutions for claim processing, reimbursement management, and reconciliations are offered to insurance holders, hospitals, and agents. Insurance and medical records are also managed through dedicated services. Operations focus on streamlining claims workflows across these stakeholders in the Indian market.
Bima Garage's top competitors include Vitraya, ClaimBuddy and ClaimTherapist.
Bima Garage has 9 investors. Key investors include JCR Consulting, Hansa Raval, Mythili Vardhan, Varadan Devanathan, and Sangeeta Dharmendra Raval.
The valuation of Bima Garage is $2.03M as of Jul 2021.
Bima Garage operates through Bg Networks Private Limited.
The legal entities of Bima Garage currently have 4 directors, including Devang Hasmmukhlalji Parmar, Jashvant Raval Chandulal, Sandesh Mishra and others.