What is RenewBuy?
Founded in 2015, RenewBuy operates as a sophisticated online insurance marketplace, bridging the gap between traditional insurance providers and the digital-first consumer. By digitizing the insurance value chain, the company has positioned itself as a critical intermediary in India's rapidly evolving financial services sector. Its platform is designed to simplify the complex process of policy selection and management, offering a streamlined user experience for both car and health insurance products. Through its strategic focus on technology-enabled distribution, RenewBuy has established a strong market position, effectively capturing demand from both urban and semi-urban segments seeking reliable financial protection.
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 Lok Capital, IIFL Wealth, 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
Lok Capital
Lok Capital is a pioneering India-focused investment firm established in 2004, specializing in impact investing. The firm backs innovative tech-enabled enterprises that address significant social and environmental challenges.
Apis Partners
Apis Partners is an investment firm that supports growth-stage financial services innovators aiming to create transformative impacts in their communities, with a focus on ESG and impact principles.
Dai-ichi Life Holdings
Dai-ichi Life Holdings is a global insurance leader headquartered in Tokyo, providing a wide range of life, annuity, and retirement solutions across international markets.
What's next for RenewBuy?
With the infusion of this latest capital, RenewBuy is well-positioned to accelerate its market penetration and technological innovation. The company's strategic roadmap likely involves deepening its product portfolio and enhancing its digital infrastructure to maintain a competitive edge in the crowded insurtech space. As it transitions into a more mature phase of its lifecycle, the focus will likely shift toward sustainable profitability, operational efficiency, and the potential for further geographic or product-line expansion. The continued support from seasoned investors suggests a high degree of confidence in the company's long-term vision to redefine the insurance landscape in India through scalable, tech-driven solutions.
See full RenewBuy company page
