Bipasha studied science. Her repulsion towards dissecting animals, prompted her to move away from medicine to commerce. She did her schooling at Bhavan's Gangabux Kanoria Vidyamandir and her college years were spent at Bhawanipur Gujarati Education Society College. In her spare time, she took up some modelling assignments.
She participated in the Godrej Cinthol Supermodel contest and walked away as the winner. She moved to New York, courtesy the Ford agency, where she continued with her modelling, until she decided to pack her bags and head back to India, landing in Bollywood.