About Paperplane
Paperplane is a Healthcare company based in Bengaluru (India) founded in 2021 by Dhruv Upadhyay, Aryan Pandey, Devansh Swarup, and Varun Goel. Digital telemedicine platform is provided for hospitals via WhatsApp integration. It operates on a SaaS (Software-as-a-Service) model. Paperplane has raised $433.45 thousand across 2 funding rounds from investors including LetsVenture, Dholakia Ventures and Cornerstone Venture Partners Fund. The company has 1 employees. Paperplane was last valued at $1.45 million in December 2021. Its chief executive, as recorded, is Devansh Swarup. Its Indian entity Paperplane Communications Private Limited reported revenue of ₹59.7 Lakh. Paperplane offers products and services including WhatsApp Clinic. Its focus areas include Technology, Software and Digital Solutions. Its competitors include Visit Health, Mosaic Wellness and MyHealthcare; 3 of its 3 listed competitors have raised funding.
Company details
A platform for building digital clinics on WhatsApp is offered by Paperplane. The solution enables users to set up their clinics in under seven minutes. It focuses on leveraging messaging platforms for healthcare accessibility. The technology sector is primarily targeted with innovative digital solutions.
- Headquarters Bengaluru, India
- Employees 1
- Founders Dhruv Upadhyay, Aryan Pandey, Devansh Swarup, Varun Goel
- Stage Minicorn
- SectorsHealthcare
- Website paperplanetech.co
- Social LinkedIn Facebook
- Legal Name Paperplane Communications Private Limited
- Date of Incorporation 02 Jul, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹59.7 Lakh
FY 2024 · +195% YoY
- Net Loss-₹92.6 Lakh
FY 2024 · -155% margin
- EBITDA-₹91.6 Lakh
FY 2024 · -153% margin
- Total Equity Funding$433.45K (USD)
in 2 rounds
- Latest Funding Round$400K (USD), Seed
Dec 2021
- InvestorsLetsVenture
& 12 more
- Employee Count1
Associated legal entities of Paperplane
Paperplane operates through Paperplane Communications Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Paperplane Communications Private Limited CIN U72900KA2021PTC191081 | Active | 02 Jul 2021 | Bangalore, Karnataka | ₹0.6 Cr | 68 | 4 | View details |
Products & Services of Paperplane
Paperplane offers a comprehensive portfolio of products and services, including WhatsApp Clinic.
A digital clinic is built on WhatsApp platform.
Funding Insights of Paperplane
Paperplane has successfully raised a total of $433.45K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $400 thousand completed in December 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 $433,450
- Total Rounds 2
- Last Round Seed — $400,000
- First Round $33,450
(Jul 2021)
- Investors Count 13
All 2 funding rounds of Paperplane 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 |
|---|---|---|---|---|---|
| Dec 2021 | $400,000 | Seed | $1.45M | Cornerstone Venture Partners Fund | |
| Jul 2021 | $33,450 | Seed | $330,971 | 100X.VC | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $1.45M | •••••••• |
Last known valuation $1.45M (Dec 2021). 13 investors in total: 6 institutional and 7 angel.
Investors in Paperplane
Paperplane has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, Dholakia Ventures and Cornerstone Venture Partners Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in B2B technologies and enterprise solutions in India. | 2018 | csvpfund.com | Mumbai, India | |
Micro venture capital fund focusing on health tech sector | lvangelfund.tcc.mode | Bengaluru, India | ||
Investing in pre-seed to Series A startups across various sectors in India. | 2020 | dholakiaventures.com | Surat, India | |
Venture capital firm focused on early stage companies | kpfoventures.com | Mumbai, India | ||
Early-stage startups are funded by 100X.VC venture capital firm. | 100x.vc | Mumbai, India | ||
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
JM Jignesh M Jariwala | unknown_9b445f438aad4fa88 | |||
KJ Kushal Jayesh Khandwala | unknown_4e71dfddd9e44c498 | |||
RK Ravindra Kadam | unknown_f0095a321b8a490ca | |||
KJ Kuntal Jitendra Dave | unknown_0dcdc97fe1d44e5f8 |
Investor details for Paperplane
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 Paperplane Communications Private Limited (Paperplane)
Paperplane Communications Private Limited is the primary company behind Paperplane. The board of Paperplane Communications Private Limited currently have 4 directors; the longest-serving is Devansh Swarup, appointed in 2021. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devansh Swarup DIN 09112528 | Director | 02 Jul 2021 | 5 yrs 3 mo | Paperplane Communications Private Limited |
| Varun Goel DIN 09319817 | Director | 22 Sep 2021 | 5 yrs 1 mo | Paperplane Communications Private Limited |
| Vatsal Jasmin Bavishi DIN 08564006 | Nominee Director | 31 Mar 2022 | 4 yrs 6 mo | Paperplane Communications Private Limited |
| Mohit Kapoor DIN 02183104 | Director | 12 Sep 2025 | 1 yr 1 mo | Paperplane Communications Private Limited |
People of Paperplane
4 people are tracked at Paperplane (4 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CPO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for Paperplane
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 Paperplane
Figures of Paperplane Communications Private Limited, the primary company behind Paperplane, for FY 2024. Revenue was ₹59.7 Lakh (+195% year on year). Net loss was -₹92.6 Lakh (-155% margin). EBITDA was -₹91.6 Lakh (-153% margin).
- ₹59.7 LakhRevenue · FY 2024 · +195% YoY
- -₹92.6 LakhNet loss · -155% margin
- -₹91.6 LakhEBITDA · -153% margin
- ₹27.7 LakhPaid-up capital
- 68Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Paperplane Communications Private Limited are on its company page.
Detailed financial statements for Paperplane
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 Paperplane
4 dated milestones of Paperplane, from founding to its latest funding, stage changes and deals.
- Founded Paperplane is founded.
- Funding First funding round of $33K.
- Funding Latest funding round, Seed, of $400K.
- Milestone Reaches Minicorn status.
Competitors of Paperplane
Paperplane has 3 listed competitors in our database, 3 of them funded. They include Visit Health, Mosaic Wellness and MyHealthcare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getvisitapp.com | 2016 | Noida, India | $7.79M | 699 | Operator of a platform providing wellness and outpatient healthcare benefit solutions | |
| mosaicwellness.in | 2019 | Mumbai, India | $68M | 445 | Provider of digital health coaching platforms for men, women, and parents | |
| myhealthcare.co | 2017 | Gurugram, India | $12.68M | 128 | Provider of comprehensive digital healthcare ecosystem |
Detailed competitors of Paperplane
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.
Web traffic of Paperplane
The website of Paperplane (paperplanetech.co) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 413.5% vs previous month
Websites whose visitors overlap most with Paperplane. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| paperplane.net | 100% | 1K | #15,147,437 | View details |
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Frequently Asked Questions about Paperplane
Paperplane was founded in 2021.
Paperplane is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Devansh Swarup is the CEO of Paperplane, as recorded in our data. They have also founded this company.
Paperplane is a funded company, having raised a total of $433.45K across 2 funding rounds to date. The company's 1st funding round was a Seed of $33.45K, raised on Jul 2021.
Paperplane has 1 employees.
The primary company behind Paperplane, Paperplane Communications Private Limited, reported revenue of ₹59.7 Lakh for FY 2024, up 195% year on year.
A platform for building digital clinics on WhatsApp is offered by Paperplane. The solution enables users to set up their clinics in under seven minutes. It focuses on leveraging messaging platforms for healthcare accessibility. The technology sector is primarily targeted with innovative digital solutions.
Paperplane's top competitors include Mosaic Wellness, Visit Health and MyHealthcare.
Paperplane offers WhatsApp Clinic.
Paperplane has 13 investors. Key investors include LetsVenture, Dholakia Ventures, Cornerstone Venture Partners Fund, Kolte Patil Family Office, and LV Angel Fund.
The valuation of Paperplane is $1.45M as of Dec 2021.
Paperplane operates through Paperplane Communications Private Limited.