Mumbai-based insurance platform Bimaplan has announced that it has raised $2.5 million as part of its pre-Series A round, taking the total funding raised by the startup to $3 million.
The round saw participation from global VC funds Amino Capital, Goodwater Capital, Acequia Capital, and EMVC, and angel investors Gokul Rajaram of Doordash, Arjun Sethi of Tribe Capital, Ashish Dave of Mirae Asset Venture Investments, and others.
Existing investors RaSa Future Fund, Dream Incubator, 2am Ventures, Samyakth Capital, and Shanti Mohan and Nimesh Kampani of LetsVenture also participated in this round.
The Y-Combinator-backed startup will utilise the funds to build the team, product, and ramp up distribution.
