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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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $3.5M
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First Round
First Round
(01 Mar 2021)
- Investors Count 34
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - Bimaplan | Valuation | Orios Venture Partners , FinSight | |
| Jun, 2021 | Amount | Seed - Bimaplan | Valuation | Amino Capital , Goodwater Capital | |
| Mar, 2021 | Amount | Seed - Bimaplan | Valuation | Titan Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Tech investment firm offering venture capital and support to startups in AI and related fields.
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Founded Year | Domain | Location | |
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Early-stage venture funding for sector-agnostic startups in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bimaplan
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bimaplan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bimaplan Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of medical funds management and settlement services
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| domain | founded_year | HQ Location |
Administration software for insurance, retirement, and investments is offered.
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| domain | founded_year | HQ Location |
Health insurance claims, networks, and payments are managed through software.
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| domain | founded_year | HQ Location |
Provider of an insurance policy administration software for payers
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| domain | founded_year | HQ Location |
Provides life and health policy administration solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bimaplan
Frequently Asked Questions about Bimaplan
When was Bimaplan founded?
Bimaplan was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Bimaplan located?
Bimaplan is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Bimaplan?
Vikul Goyal is the current CEO of Bimaplan. They have also founded this company.
Is Bimaplan a funded company?
Bimaplan is a funded company, having raised a total of $6.63M across 4 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Mar 01, 2021.
How many employees does Bimaplan have?
As of Mar 29, 2024, the latest employee count at Bimaplan is 20.
What is the annual revenue of Bimaplan?
Annual revenue of Bimaplan is $1.64M as on Mar 31, 2023.
What does Bimaplan do?
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.
Who are the top competitors of Bimaplan?
Bimaplan's top competitors include Vitech, Ametros and Premier Healthcare Exchange.
Who are Bimaplan's investors?
Bimaplan has 34 investors. Key investors include We Founder Circle, Dream Incubator, EMVC, 2am VC, and FinSight.
What is Bimaplan's valuation?
The valuation of Bimaplan is $13.6M as of Oct 2023.