About Bimaplan
Bimaplan is a company based in Bengaluru (India) founded in 2020 by Vikul Goyal. Bimaplan has raised $6.63 million across 4 funding rounds from investors including We Founder Circle, Dream Incubator and EMVC. The company has 20 employees as of March 29, 2024. Bimaplan operates in a competitive market with competitors including Ametros, Vitech, Premier Healthcare Exchange, InsPro Technologies and Alula Technologies, among others.
- Headquarter Bengaluru, India
- Employees 20 as on 29 Mar, 2024
- Founders Vikul Goyal
- 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 Coverplan Technology Private Limited
- Date of Incorporation 20 Jan, 2021
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$1.64 M (USD)312.25as on Mar 31, 2023
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Net Profit
-$23.86 K (USD)60.97as on Mar 31, 2023
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EBITDA
-$17.4 K (USD)70.78as on Mar 31, 2023
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Total Equity Funding
$6.63 M (USD)
in 4 rounds
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Latest Funding Round
$3.5 M (USD), Seed
Oct 23, 2023
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Investors
We Founder Circle
& 33 more
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Employee Count
20
as on Mar 29, 2024
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People of Bimaplan
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Funding Insights of Bimaplan
Bimaplan has successfully raised a total of $6.63M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $3.5 million completed in October 2023. 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 Bimaplan
Bimaplan has secured backing from 34 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include We Founder Circle, Dream Incubator and EMVC.
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Venture capital firm focused on early-stage investments
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Tech investment firm offering venture capital and support to startups in AI and related fields.
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Early-stage venture funding for sector-agnostic startups in India.
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Investor details for Bimaplan
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Investments & Acquisitions by Bimaplan
Investment portfolio details for Bimaplan
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Financial Statements - Bimaplan
Detailed financials for Bimaplan
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Bimaplan Comparisons
Peer comparison for Bimaplan
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Competitors of Bimaplan
Bimaplan 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 Ametros, Vitech, Premier Healthcare Exchange, InsPro Technologies and Alula Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of medical funds management and settlement services
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Administration software for insurance, retirement, and investments is offered.
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Health insurance claims, networks, and payments are managed through software.
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Provider of an insurance policy administration software for payers
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Provides life and health policy administration solutions.
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Detailed competitors of Bimaplan
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Latest news on Bimaplan
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Frequently Asked Questions about Bimaplan
Bimaplan was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Bimaplan is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vikul Goyal is the current CEO of Bimaplan. They have also founded this company.
Bimaplan is a funded company, having raised a total of $6.63M across 4 funding rounds to date.
As of Mar 29, 2024, the latest employee count at Bimaplan is 20.
Annual revenue of Bimaplan is $1.64M as on Mar 31, 2023.
An insurance technology platform was established in 2020 in Bengaluru, India. End-to-end integration of insurance products is provided, allowing multiple policies to be accessed seamlessly via digital channels. Operations focus on the insurance sector, with services designed for household users. Coverage is extended to vulnerable populations across India to support broader accessibility.
Bimaplan's top competitors include Vitech, Ametros and Premier Healthcare Exchange.
Bimaplan has 34 investors. Key investors include We Founder Circle, Dream Incubator, EMVC, 2am VC, and FinSight.
The valuation of Bimaplan is $13.6M as of Oct 2023.