# Bimaplan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bimaplan

- Industry: Insurance
- Headquarters: Bangalore, India
- Website: www.bimaplan.co
- Total disclosed funding: $0.5M
- Latest round: Seed (Mar 16, 2021)
- Investors on record: 6

## About

Bimaplan, based in Bangalore, India, delivers innovative software solutions aimed at enhancing operational efficiency for businesses in logistics and supply chain management. Their tools optimize workflows and reduce costs across multiple industries.Founded in 2020 by Vikul Goyal, Bimaplan provides advanced software solutions to improve operational efficiencies. While there are no noted pivots or changes in business strategy, the company has successfully completed 3 deals with a headquarters in Bangalore, India. In its most recent deal on November 7, 2023, Bimaplan raised USD 3.5 mn in pre-Series A funding, with Orios Venture Partners leading the investment alongside FinSight Ventures and 2 a.m. Ventures. The total amount raised by the company now stands at USD 3.5 mn.Bimaplan specializes in providing innovative solutions tailored to enhance operational efficiencies within various industries. The company’s core offerings revolve around advanced software tools that streamline processes for businesses, particularly in logistics and supply chain management. These products are designed to optimize workflows, reduce costs, and improve overall productivity, thereby addressing critical pain points faced by companies in managing their operational tasks. Bimaplan caters primarily to clients in the manufacturing and retail sectors, where effective supply chain management is essential. Its solutions have been deployed across multiple geographical markets, including North America, Europe, and Asia Pacific, ensuring a broad reach and impact on businesses looking to enhance their operational capabilities.Bimaplan's revenue model is structured around a subscription-based framework, allowing clients to access its suite of software tools through tiered pricing plans. In 2022, the company's revenue amounted to USD 442,930, with an EBITDA of USD -66,814.60. Typical transactions involve clients subscribing to monthly or annual plans, with additional options for one-time services or upgrades, thus providing flexibility in engagement. This subscription model enables a predictable revenue stream while allowing for scalability as clients expand their usage of Bimaplan's products.Following their most recent deal in November 2023, which secured USD 3.5 mn in funding, Bimaplan plans to enhance its technology and introduce new products as part of its growth strategy. The company aims to expand its distribution network and tap into new markets, although specific regions have not been disclosed. The funding will be instrumental in supporting these initiatives, facilitating improved product offerings and broader market penetration.

## Funding rounds

- Seed, Mar 16, 2021, $0.5M — Y Combinator, Dream Incubator, FinSight Ventures, Titan Capital, 2am VC, RaSa Future Plan

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Dream Incubator (https://capitalatlas.ai/funds/dream-incubator) — Seed
- FinSight Ventures (https://capitalatlas.ai/funds/finsight-ventures) — Seed
- Titan Capital — Seed
- 2am VC (https://capitalatlas.ai/funds/2am-vc) — Seed
- RaSa Future Plan — Seed