What is RenewBuy?
Founded in 2015, RenewBuy operates a sophisticated online insurance platform that streamlines the distribution of car and health insurance policies. By leveraging technology to simplify complex insurance products, the company has positioned itself as a vital intermediary in the Indian market. Its platform is designed to enhance transparency and accessibility, catering to a wide demographic of users who require efficient, reliable, and cost-effective insurance solutions. The company's market position is bolstered by its ability to integrate seamlessly with various insurance carriers, providing a unified digital experience that addresses the evolving needs of the modern consumer.
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 IIFL Wealth, Lok Capital, and Apis Partners
Debt (2022): $8.3M backed by Stride Ventures and Innoven Capital
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
360 One
360 ONE is a leading financial services provider in India specializing in wealth and asset management, emphasizing long-term performance and personalized solutions.
Apis Partners
Apis Partners is an investment firm that supports growth-stage financial services innovators aiming to create transformative impacts in their communities.
Dai-ichi Life Holdings
Dai-ichi Life Holdings is a global insurance powerhouse headquartered in Tokyo, providing life, health, and annuity products across international markets.
What's next for RenewBuy?
With the infusion of $10M, RenewBuy is well-positioned to accelerate its market expansion and deepen its technological infrastructure. The strategic focus will likely shift toward scaling its digital distribution capabilities and enhancing its product suite to include more specialized insurance offerings. As the company matures, the emphasis will remain on maintaining its competitive edge through data-driven insights and superior customer service, ensuring it remains a leader in the rapidly digitizing insurance sector. The continued support from high-profile investors suggests a strong confidence in the company's long-term vision to transform the insurance landscape in India.
See full RenewBuy company page
