Fundraising Fox

Bimaplan

YC W21

Bengaluru, IN · Founded 2020 · 30 employees · 10 known investors

Find your way into Bimaplan

649 people in our graph share verified history with the Bimaplan team — schools, employers, funds. One of them is your warm intro.

Kyle Dohertyunlockedknows Vikul Goyal · together at Harvard Business School (overlapped)
×5knows the team · via Bessemer Venture Partners
×6knows the team · via Harvard Business School

Bimaplan offers life and health insurance products tailored for low-income households in India, delivered through a mobile-first platform. The company targets financially vulnerable populations in the region who previously lacked affordable access to such coverage.

Also known as Bima

FintechInsurTechMicroinsuranceIndiaSouth AsiaPartly Remote

Founders & leadership· Y Combinator alumni (W21)

Bimaplan was founded in 2020 by Vikul Goyal.

VGVikul Goyal
Vikul Goyalin𝕏FounderVikul Goyal founded Carcrew, an online automobile parts and services marketplace that was acquired by TVS, and previously worked as an investment professional at Bessemer Venture Partners and GSF Accelerator. He holds an MBA from Harvard Business School and a bachelor's degree in mechanical engineering from IIT Guwahati.

Investors · 10

Amino CapitalPalo Alto · $100K – $10M
Emphasis VenturesNew York
MAGIC FundLos Angeles · $50K – $5M
Y CombinatorSan Francisco · $500K
2am VCreportedBengaluru
Acequia Capital (AceCap)reportedSeattle · $100K – $5M
FinSight VenturesreportedPalo Alto
Goodwater CapitalreportedBurlingame · $5M – $50M
Orios Venture PartnersreportedMumbai · $622K – $32M
Titan Capitalreported · 2 sourcesScottsdale · $249K – $15M

Funding

SEC filings, press & company announcements

$2.5M disclosed across 1 of 4 rounds · 2021–2023

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Insurtech company Bimaplan raises $3.5m in pre-Series A roundlifeinsuranceinternational.com · Nov 2023Insurtech Startup Bimaplan To Help Companies Build And Sell Insurance Productsinc42.com · Nov 2023Micro-Insurance Startup Bimaplan Raises $2.5 Mn From Global VCsinc42.com · Jun 2021Bimaplan Funding: Insurtech startup Bimaplan raises $2.5 million from Amino Capital, others - The Economic Timeseconomictimes.indiatimes.com · Jun 2021[Funding alert] Micro-insurance startup Bimaplan raises $2.5M in pre-Series A roundyourstory.com · Jun 2021Bimaplan Funding: Y Combinator-backed Bimaplan raises $500 k seed round from Titan Capital, others - The Economic Timeseconomictimes.indiatimes.com · Mar 2021Bimaplan Funding | $1.48M - $7M Revenue | Complete Analysis | Extruct AIextruct.ai

Frequently asked questions

What does Bimaplan do?
Bimaplan offers life and health insurance products tailored for low-income households in India, delivered through a mobile-first platform. The company targets financially vulnerable populations in the region who previously lacked affordable access to such coverage.
Who founded Bimaplan?
Bimaplan was founded by Vikul Goyal in 2020.
Who are Bimaplan's investors?
Bimaplan's investors include Amino Capital, Emphasis Ventures, MAGIC Fund, Y Combinator, 2am VC, Acequia Capital (AceCap), FinSight Ventures, Goodwater Capital and 2 more.
How much funding has Bimaplan raised?
Bimaplan has disclosed $2.5M raised across 1 of its 4 known rounds.
Where is Bimaplan headquartered?
Bimaplan is headquartered in Bengaluru, IN.