About Paperplane
Paperplane is a company based in Bengaluru (India) founded in 2021 by Dhruv Upadhyay, Aryan Pandey, Devansh Swarup, and Varun Goel. It operates as a SaaS (Software-as-a-Service). 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 as of April 01, 2024. Paperplane offers products and services including WhatsApp Clinic. Paperplane operates in a competitive market with competitors including Visit Health, Mosaic Wellness, MyHealthcare, Bajaj Finserv Health and DocsApp, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 01 Apr, 2024
- Founders Dhruv Upadhyay, Aryan Pandey, Devansh Swarup, Varun Goel
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Paperplane Communications Private Limited
- Date of Incorporation 02 Jul, 2021
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$24.33 K (USD)3125.45as on Mar 31, 2023
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Net Profit
$-94.51 K (USD)-107.94as on Mar 31, 2023
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EBITDA
$-50.68 K (USD)-14.51as on Mar 31, 2023
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Total Equity Funding
$433.45 K (USD)
in 2 rounds
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Latest Funding Round
$400 K (USD), Seed
Dec 19, 2021
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Investors
LetsVenture
& 12 more
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Employee Count
1
as on Apr 01, 2024
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Products & Services of Paperplane
Paperplane offers a comprehensive portfolio of products and services, including WhatsApp Clinic. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 2
- Last Round Seed — $400,000
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First Round
First Round
(19 Jul 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Paperplane | Valuation | Cornerstone Venture Partners Fund | |
| Jul, 2021 | Amount | Seed - Paperplane | Valuation | 100X.VC |
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| 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 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. 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 fund investing in B2B technologies and enterprise solutions in India.
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Founded Year | Domain | Location | |
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Micro venture capital fund focusing on health tech sector
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Founded Year | Domain | Location | |
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Investing in pre-seed to Series A startups across various sectors 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 Paperplane
| 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 - Paperplane
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paperplane Comparisons
Competitors of Paperplane
Paperplane 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 Visit Health, Mosaic Wellness, MyHealthcare, Bajaj Finserv Health and DocsApp, 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 |
Operator of a platform providing wellness and outpatient healthcare benefit solutions
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| domain | founded_year | HQ Location |
Provider of digital health coaching platforms for men, women, and parents
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| domain | founded_year | HQ Location |
Provider of comprehensive digital healthcare ecosystem
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| domain | founded_year | HQ Location |
Provides online doctor consultations, lab bookings, and medicine ordering services.
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| domain | founded_year | HQ Location |
Chat-based mobile app for doctor teleconsultations is provided to patients.
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| domain | founded_year | HQ Location |
Personalized wellness solutions are delivered via a digital healthcare platform.
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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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Frequently Asked Questions about Paperplane
When was Paperplane founded?
Paperplane was founded in 2021.
Where is Paperplane located?
Paperplane is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Paperplane?
Devansh Swarup is the current CEO of Paperplane. They have also founded this company.
Is Paperplane a funded 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 19, 2021.
How many employees does Paperplane have?
As of Apr 01, 2024, the latest employee count at Paperplane is 1.
What is the annual revenue of Paperplane?
Annual revenue of Paperplane is $24.33K as on Mar 31, 2023.
What does Paperplane do?
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.
Who are the top competitors of Paperplane?
Paperplane's top competitors include Mosaic Wellness, Visit Health and DocsApp.
What products or services does Paperplane offer?
Paperplane offers WhatsApp Clinic.
Who are Paperplane's investors?
Paperplane has 13 investors. Key investors include LetsVenture, Dholakia Ventures, Cornerstone Venture Partners Fund, Kolte Patil Family Office, and LV Angel Fund.
What is Paperplane's valuation?
The valuation of Paperplane is $1.45M as of Dec 2021.