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[Funding alert] Micro-insurance startup Bimaplan raises $500K from Titan Capital, Y Combinator, others
Mumbai-based startup Bimaplan will use the funds to build its team and develop its product, which will help it achieve $1 million ARR in the next 12 months.
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$500,000 seed round from
Titan Capital and other marquee investors.
Y Combinator,
Anupam Mittal of Shaadi.com,
Jitendra Gupta of Jupiter, Ramakant Sharma of Livspace,
Ritesh Malik of Innov8, Roshan Abbas, Pallav Nadhani, Abhishek Rungta, Nisarg Shah, and Yash Jain, Nimesh Kampani, and Shanti Mohan of LetsVenture.
The Mumbai startup will use the funds to build its team and develop its product offering, which will help the company achieve $1 million ARR in the next 12 months.
Bimaplan Raises $500,000 In Seed Round From Titan Capital The startup will use the funds to build the team and to develop the product
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Mumbai-based micro-insurance platform Bimaplan, on Tuesday, announced to have raised $500,000 in a Seed round of funding from Titan Capital and other marquee groups of investors. The funding saw participation from Y Combinator, Dream Incubator, RaSa Future Fund, Finsight Ventures, 2 a.m. Ventures, Rajesh Sawhney of GSF Accelerator, Anupam Mittal of Shaadi.com, Kunal Shah of Cred, Jitendra Gupta of Jupiter neo-bank, Ramakant Sharma, Ritesh Malik of Innov8, Roshan Abbas, Pallav Nadhani, Abhishek Rungta, Nisarg Shah, Yash Jain of Sparrow Capital, and Nimesh Kampani and Shanti Mohan of LetsV
eBikeGo secures Rs 10.91 crore funding to accelerate EV based last-mile delivery
eBikeGo secures Rs 10.91 crore funding to accelerate EV based last-mile delivery
The company plans to scale to 30 cities, touch 20 million deliveries and save 4,000 tons of CO2 emissions by 2022.
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UPDATED: February 18, 2021 16:12 IST
eBikeGo, started in 2019 is a shared EV based last mile logistics & micro-mobility platform that aggregates last mile delivery for all prominent companies in ecommerce, food delivery, groceries & urban mobility who outsource their last mile to the company.
HIGHLIGHTS
The company plans to scale to 30 cities, touch 20 million deliveries and save 4,000 tons of emissions by 2022.
The company partners with franchisee owners, NBFCs and OEMs through asset leasing models and consistently offers more than 25 per cent internal rate of return to asset partners.
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