How much funding has Bimaplan raised?

Bimaplan has raised $4.0M in total funding, most recently a Venture Round.

Who are Bimaplan's investors?

Bimaplan's investors include Orios Venture Partners, Titan Capital, FinSight Ventures, 2am VC, Y Combinator Continuity Fund.

Where is Bimaplan headquartered?

Bimaplan is headquartered in Bengaluru, India.

What industry is Bimaplan in?

Bimaplan operates in Fintech, Insurtech.

Bimaplan

Affordable insurance for the next billion Indians

Bengaluru, India · Founded 2020 · $4.0M raised

Fintech

Insurtech

YC W21

Headquarters: Bengaluru
Employees: 11–50
Founded: 2020
Website: bimaplan.co

Total Funding: $4.0M
Last Round: $3.5M Venture RoundNov 2023
Rounds: 2

About

Bimaplan is an affordable insurance platform for the next billion Indians. Our vision is to provide financial security to 150 million vulnerable households through contextual life and health insurance products. The growth in mobile penetration and the evolution of digital infrastructure in India has now made it possible to reach this vulnerable population. This is an $8 billion addressable market. We launched in February 2021, and went live with one insurance underwriting partner. We are on track to sell 1,000 policies in March 2021. We are backed by some of the best early stage technology investors, successful fintech founders, and insurance industry veterans. The company is founded by Vikul Goyal, a second-time founder with a successful exit track record. His previous venture, Carcrew, was acquired by TVS Group, a large automotive conglomerate in India.

Summary

Bimaplan is a Fintech company based in Bengaluru, India, founded in 2020. It has raised $4.0M in total across 2 rounds, most recently a $3.5M Venture Round round in Nov 2023. Investors include Orios Venture Partners, Titan Capital and FinSight Ventures.