What is RenewBuy?
Founded in 2015 and headquartered in India, RenewBuy operates a digital platform that simplifies the process of purchasing car and health insurance policies. By leveraging technology, the company aims to provide a seamless and efficient experience for consumers seeking insurance coverage. Its focus on an online model allows for broader reach and accessibility across the Indian market, positioning it as a key player in the insurtech landscape.
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 IIFL Asset Management and Lok Capital
Series C (2021): $45M featuring Apis Partners, IIFL Wealth, and Lok Capital
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 Apis Partners and 360 One
Key Investors in RenewBuy
Dai-ichi Life Holdings
Dai-ichi Life Holdings is a global insurance provider with extensive operations in Japan and internationally, offering a wide range of insurance products and financial services. Their investment in RenewBuy suggests a strategic interest in expanding their footprint within the burgeoning Indian insurtech market.
Amicus Capital Partners
Amicus Capital Partners is a private equity firm specializing in buyout, recapitalization, and growth equity transactions, particularly within the healthcare sector. Their involvement indicates a focus on companies with strong growth potential and a solid business model.
Apis Partners
Apis Partners is an investment firm dedicated to supporting growth-stage financial services innovators, with a focus on creating transformative impacts. Their investment aligns with RenewBuy's mission to enhance financial services accessibility and innovation.
What's next for RenewBuy?
The substantial enterprise-level backing RenewBuy has garnered, culminating in its recent major strategic investment, signals a strong phase of scaling and market penetration. This capital infusion is anticipated to drive the enhancement of its technological infrastructure, expansion of its product portfolio, and strengthening of its market presence. RenewBuy is poised to further solidify its leadership in India's digital insurance ecosystem, potentially exploring new product lines and strategic partnerships to capitalize on evolving consumer needs and regulatory landscapes.
See full RenewBuy company page
