About BimaPay
BimaPay is a company based in Delhi (India) founded in 2021 by Hanut Mehta, Mohit Gupta, and Kapil Garg. BimaPay has raised $2 million across 1 funding round from investors including LC Nueva AIF. BimaPay operates in a competitive market with competitors including Finsall, Mudrasure, The Policy Exchange and Insurfin, among others.
- Headquarter Delhi, India
- Founders Hanut Mehta, Mohit Gupta, Kapil Garg
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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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Annual Revenue
$157.44 K (USD)628as on Mar 31, 2024
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Net Profit
$2.28 K (USD)-33as on Mar 31, 2024
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EBITDA
$55.04 K (USD)1108as on Mar 31, 2024
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
May 14, 2024
- Investors
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Employee Count
Employee Count
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People of BimaPay
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Funding Insights of BimaPay
BimaPay has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in May 2024. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.0M
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First Round
First Round
(14 May 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - BimaPay | Valuation | LC Nueva AIF |
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Investors in BimaPay
BimaPay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include LC Nueva AIF.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are targeted for investment by this VC fund.
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Founded Year | Domain | Location |
Investments & Acquisitions by BimaPay
Financial Statements - BimaPay
Bimapay Comparisons
Competitors of BimaPay
BimaPay 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 Finsall, Mudrasure, The Policy Exchange and Insurfin, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance premium financing platform for individuals and businesses
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| domain | founded_year | HQ Location |
Insurance premium financing is facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Customized insurance technology solutions are offered for policy transactions.
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| domain | founded_year | HQ Location |
Insurance premium financing is offered to individuals via SaaS platforms.
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Frequently Asked Questions about BimaPay
BimaPay was founded in 2021 and raised its 1st funding round 3 years after it was founded.
BimaPay is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Hanut Mehta is the current CEO of BimaPay. They have also founded this company.
BimaPay is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on May 14, 2024.
Annual revenue of BimaPay is $157.44K as on Mar 31, 2024.
BimaPay was founded in 2021 in Delhi, India, within the fintech sector focused on insurance. An online platform is operated to provide premium financing for health, life, motor, and other insurance products, targeting individuals and businesses. Loans are extended against security solutions. Risk management consulting and user guides are offered to support operations across the region.
BimaPay's top competitors include Finsall, Mudrasure and The Policy Exchange.
BimaPay has 1 investor. Key investors include LC Nueva AIF.