/Companies

Bimaplan

YC W21

Bengaluru, IN · Founded 2020 · 30 employees · 16 known investors

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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 Purple Umbrella Fintech Private Limited, Bima, Inc. · Bima

FintechInsurTechMicroinsuranceIndiaSouth AsiaPartly Remote

Founders & leadership· Y Combinator alumni (W21)

Bimaplan was founded in 2020 by Vikul Goyal.

VGVikul Goyal
Vikul GoyalFounderVikul 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 · 16

Amino Capitallisted by Amino CapitalPalo Alto · $100K – $10M

How we know: Amino Capital's portfolio page · funding news · economictimes.indiatimes.com · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

2am VCreportedBengaluru

How we know: lifeinsuranceinternational.com · Y Combinator's founder network · Not right? Tell us

Acequia Capital (AceCap)reportedSeattle · $100K – $5M

How we know: funding news · Y Combinator's founder network · Not right? Tell us

Beagle VenturesreportedSantiago

How we know: Y Combinator's founder network · Not right? Tell us

Dream Incubatorreported

How we know: Y Combinator's founder network · Not right? Tell us

Goodwater CapitalreportedBurlingame · $5M – $50M

How we know: funding news · Y Combinator's founder network · Not right? Tell us

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.

Related companies · 5

Companies working in the same space as Bimaplan.

Legal entities · 1

corporate structure
Purple Umbrella Fintech Private Limited, Bima, Inc.

In the news

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, GSF Accelerator, MAGIC Fund, Soma Capital, Titan Capital, Y Combinator, 2am VC and 8 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.