What is RenewBuy?
Founded in 2015, RenewBuy operates a digital platform that facilitates the offering of car and health insurance policies. The company aims to simplify the insurance purchasing process for consumers in India through its online interface. As an insurtech player, RenewBuy is positioned within a rapidly evolving market, leveraging technology to enhance customer experience and accessibility to insurance products. The company's operations are centered in India, a key growth market for digital services.
How much funding has RenewBuy raised?
RenewBuy has raised a total of $129M across 7 funding rounds:
Angel/Seed
$500K
Private Equity
$9.2M
Series B
$16M
Series C
$45M
Debt
$8.3M
Series D
$40M
Unspecified
$10M
Angel/Seed (2015): $500K with participation from Mount Nathan Advisors Pte Ltd
Private Equity (2017): $9.2M led by Amicus Capital Partners
Series B (2019): $16M supported by Lok Capital and IIFL Asset Management
Series C (2021): $45M featuring IIFL Wealth, Lok Capital, and Apis Partners
Debt (2022): $8.3M backed by Innoven Capital and Stride Ventures
Series D (2023): $40M with participation from Dai-ichi Life Holdings
Unspecified (2025): $10M led by 360 One and Apis Partners
Key Investors in RenewBuy
Dai-ichi Life Holdings
Dai-ichi Life Holdings is a major Japanese insurance group with extensive international operations, providing a wide range of insurance products and financial services. Their investment in RenewBuy suggests a strategic interest in the burgeoning Indian insurtech market.
360 One
360 ONE is a prominent Indian financial services provider specializing in wealth and asset management, known for its tailored approach to client solutions and insights into the Indian economy.
Apis Partners
Apis Partners is an investment firm focused on growth-stage financial services innovators, particularly those serving low and middle-income consumers, with a strong emphasis on ESG and impact principles.
What's next for RenewBuy?
The substantial enterprise-level backing and recent strategic investment indicate RenewBuy is poised for significant scaling. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its product portfolio beyond car and health insurance, and potentially entering new geographical markets within India or adjacent regions. The company's trajectory suggests a focus on solidifying its market share and potentially exploring further innovation in insurance distribution and policy management. Future developments may include strategic partnerships or acquisitions to accelerate growth.
See full RenewBuy company page
