When was Bimaplan founded?

Bimaplan was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Bimaplan located?

Bimaplan is headquartered in Bengaluru, India. It is registered at 1st Floor, Gopala Krishna Complex, 45/3 Residency Road, Richmond Town, Bangalore, Bangalore North, Karnataka, India, 560025.

Who is the current CEO of Bimaplan?

Vikul Goyal of Bimaplan. They have also founded 1 company and are angel investors in 2 startups.

Which legal entities is Bimaplan associated with?

Bimaplan is associated with PURPLE UMBRELLA FINTECH PRIVATE LIMITED and 1 other.

How many employees does Bimaplan have?

As of Jul 31, 2025, Bimaplan has 42 employees, reflecting a 8% year-over-year decline in headcount.

Is Bimaplan a funded company?

Bimaplan is a funded company, having raised a total of $6.5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 16, 2021.

How much is Bimaplan worth?

The latest valuation of Bimaplan is ₹***** as of Mar 21, 2024.

When was the latest funding round of Bimaplan?

Bimaplan's latest funding was a $***** Seed round on Oct 23, 2023, with participation from 12 investors. Its primary sector is Insurance IT. Globally, the Insurance IT sector has seen $1.88B in funding in 2026 to date.

What is the annual revenue of Bimaplan?

Annual revenue of Bimaplan is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Bimaplan rank among its competitors?

Bimaplan ranks 2nd amongst 74 active competitors, of which 12 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Artificial Labs, which secured $45M in Feb, 2026.

Who are the top competitors of Bimaplan?

Bimaplan's top competitors include Artificial Labs, Leonteq and Web Connectivity. Among them, Artificial Labs secured the most recent funding round in February, 2026.

Bimaplan - 2026 Company Profile, Team, Funding, Competitors & Financials

Bimaplan is a seed company based in Bengaluru (India), founded in 2020 by Vikul Goyal. It operates as a Platform enabling multiple insurance policies. Bimaplan has raised $6.5M in funding from investors like Dream Incubator, Orios Venture Partners and Goodwater Capital, with a current valuation of ₹*****. The company has 74 active competitors, including 12 funded and 12 that have exited. Its top competitors include companies like Artificial Labs, Leonteq and Web Connectivity.

Company Details

Platform enabling multiple insurance policies. It operates as an insurance tech platform, providing end-to-end insurance integration and enabling multiple insurance products for seamless digital experiences. The company aims to bring affordable insurance to the next billion Indians, targeting vulnerable households.

Website: bimaplan.co/home
Social
Email ID: *****@bimaplan.co
Phone Number: +91 **********
Registered Address: 1st Floor, Gopala Krishna Complex, 45/3 Residency Road, Richmond Town, Bangalore, Bangalore North, Karnataka, India, 560025

Key Metrics

Founded Year

2020

Location

Bengaluru, India

Stage

Seed

Total Funding

$6.5M in 3 rounds

Latest Funding Round

Seed, Oct 23, 2023, $*****

Post Money Valuation

₹***** as on Mar 21, 2024

Investors

Dream Incubator & 43 more

Ranked

2^nd among 74 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

42 as on Jul 31, 2025

Similar Companies

Ametros & 17 more

View Bimaplan's full profile

Bimaplan is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PURPLE UMBRELLA FINTECH PRIVATE LIMITED CIN: U62099KA2023PTC171678 , India, Active	Mar 28, 2023	₹10 - ₹50 Cr (As on Mar 31, 2025)	42 (As on Jul 31, 2025)
Coverplan Technology Private Limited CIN: U72900KA2021FTC174278 , India, Active	Jan 20, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	2 (As on Apr 30, 2024)

Bimaplan has raised a total funding of $6.5M over 3 rounds. Its first funding round was on Mar 16, 2021. Its latest funding round was a Seed round on Oct 23, 2023 for $*****. 12 investors participated in its latest round. Bimaplan has 28 institutional investors and 16 angel investors.

Here is the list of recent funding rounds of Bimaplan:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 23, 2023	8242938	Seed	8178770	6088465	2462037	8966947
Jun 22, 2021	8330298	Seed	5489238	5316727	4671861	Gokul Rajaram & 4 more
Mar 16, 2021	9508882	Seed	9173579	8437640	Titan Capital	Sparrow Capital & 18 more

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View details of Bimaplan's funding rounds and investors

The founders of Bimaplan is Vikul Goyal. Vikul Goyal is the CEO of Bimaplan.

Here are the details of Bimaplan's key team members:

Vikul Goyal: Founder & CEO of Bimaplan and founder of 1 other company. They are also an angel investor in 2 startups and serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number

Bimaplan's Board of Directors

Bimaplan's board has 2 active members. Vikul Goyal and Sanjay Jain are part of team.

Here is the list of Bimaplan's board of directors:

Name	Type	Representing	Status	Duration
hxlbnan	Team	-	Past	9y 9m
sufnuse	Team	-	Past	7y 2m

View details of Bimaplan's Founder profiles and Board Members

Bimaplan's employee count trend

Bimaplan has 42 employees as of Jul 25. The total employee count is 9.0% lower than what it was in Jul 24. Here is Bimaplan's employee count trend over the years:

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Top competitors of Bimaplan include Artificial Labs, Leonteq and Web Connectivity. Here is the list of Top 10 competitors of Bimaplan, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Artificial Labs 2013, London (United Kingdom), Series B	Software solutions provider for Insurers	$72.1M	Force Over Mass, Augmentum Fintech & 9 others	62/100
2nd	Bimaplan 2020, Bengaluru (India), Seed	Platform enabling multiple insurance policies	$6.5M	108 Capital, Amino Capital & 42 others	59/100
3rd	Leonteq 2007, Zurich (Switzerland), Public	Products and Services provider for Structured Products	-	VERAISON Capital	54/100
4th	Web Connectivity 2003, London (United Kingdom), Acquired	Software solution provider for insurance business processes	-	-	52/100
5th	Ametros 2010, Burlington (United States), Acquired	Provider of medical funds management and settlement services	$20M	Ten Coves Capital, Denniston Family Office ... & 2 others	51/100
6th	Sohar Health 2023, New York City (United States), Seed	AI-powered medical coding and verificaion platform for insurance claims	$4.3M	Kindred Capital, Y Combinator & 3 others	50/100
7th	iCover 2018, Chesterfield (United States), Seed	Online life insurance policy administration platform for insurers and brokers	$5M	-	49/100
8th	Vitech 1986, New York City (United States), Acquired	Software for Insurance, Retirement & Investment Administration	-	-	45/100
9th	LIDP Consulting Services 1979, Woodridge (United States), Unfunded	Life insurance policy administration platform empowering digital-first insurers with cloud solutions	-	-	44/100
10th	Yasmina 2018, United Arab Emirates, Seed	Provider of AI-enabled insurance policy management solutions	$2M	500 Global, Scene Holding & 4 others	43/100

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Founders (largest shareholder) own 41.77%, Funds own 32.36%, Enterprises own 1.37% and Angels own 7.11%. The net worth of Bimaplan's founders is INR 54.3Cr as of Mar 21, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	41.77%	54.3Cr	3111148	2174440	1903306	5192537
Vikul Goyal	4907214	7221008	2547308	1474519	9943262	3486471
Fund	32.36%	42Cr	9692810	4561100	9434121	2861116
Orios Venture Partners	9915798	1253149	1154770	1789551	3112150	4618071
FinSight	5610	5533	1865	3541	1905	1390
Amino Capital	0	0	0	0	0	0
Goodwater Capital	0	0	0	0	0	0
Enterprise	1.37%	1.78Cr	5	7	6	7
Angel	7.11%	9.28Cr	6968515	5469147	2777228	3723642
Other People	6.02%	7.82Cr	173071	879125	574219	961105
ESOP Pool	9.33%	12.1Cr	2924081	8309749	3204239	7268614
Other Investors	2.01%	2.61Cr	98	82	84	67
Total	99.97%	130Cr	5905759	4371600	1766344	1084420