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 as of March 29, 2024. Bima Garage operates in a competitive market with competitors including ClaimBuddy, Vitraya, ClaimTherapist, ClaimKar and Instic Technologies, among others.
- Headquarter Thane, India
- Employees 90 as on 29 Mar, 2024
- Founders Hemant Tiwari, Sonal Sandesh Mishra, Vaibhavi Devang Parmar, Devang Hasmmukhlalji Parmar, Sandesh Mishra
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Bg Networks Private Limited
- Date of Incorporation 19 Jun, 2018
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$287.97 K (USD)194.69as on Mar 31, 2022
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Net Profit
-$186.07 K (USD)-28.7as on Mar 31, 2022
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EBITDA
-$106.33 K (USD)41.31as on Mar 31, 2022
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Total Equity Funding
$874.99 K (USD)
in 2 rounds
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Latest Funding Round
$692.19 K (USD), Seed
Jul 16, 2021
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Investors
JCR Consulting
& 8 more
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Employee Count
90
as on Mar 29, 2024
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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.
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 |
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Manages an infrastructure fund focused on the energy sector.
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HR
Hansa Raval |
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Mythili Vardhan |
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Investor details for Bima Garage
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Investments & Acquisitions by Bima Garage
Investment portfolio details for Bima Garage
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Financial Statements - Bima Garage
Detailed financials for Bima Garage
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Bima Garage Comparisons
Peer comparison for Bima Garage
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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 year | HQ Location | Description |
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Platform offering medical insurance claims support solutions
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Automated claims adjudication and settlement are provided for healthcare.
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Health insurance claims management is provided online.
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Provider of insurance claim processing and documentation services
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Provides AI-based solutions for managing health insurance claims efficiently.
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Detailed competitors of Bima Garage
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Latest news on Bima Garage
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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.
As of Mar 29, 2024, the latest employee count at Bima Garage is 90.
Annual revenue of Bima Garage is $287.97K as on Mar 31, 2022.
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.