Wednesday, November 6

Tag: RenewBuy

Digital insurance platform RenewBuy.com raises $19 million
2Jul By NitishNo Comments
FUNDING

Digital insurance platform RenewBuy.com raises $19 million

Digital insurance platform RenewBuy.com raises $19 million in a funding round led by Lok Capital and IIFL AMC. RenewBuy's existing investor Amicus Capital also participated in the Series B round of funding. The investment will enable the company to increase its footprint to 1,000 cities, augment product portfolio, and insure 10 million customers by 2022, a company release said. "It will also accelerate our entry into newer geographies and augment our product portfolio to meet India's immense unmet insurance demand. Our competitive advantage of being a capital efficient business model will enable us to turn profitable within next 24 months while retaining our explosive growth," RenewBuy.com CEO Balachander Sekhar said. With a network of over 25,000 Point of Sale (POS) partners o...
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Gurgaon Based RenewBuy Bags $9.2 Mn From Amicus Capital
16Oct By AnkitaNo Comments
FUNDING

Gurgaon Based RenewBuy Bags $9.2 Mn From Amicus Capital

D2C Consulting Services Pvt. Ltd, which operates online insurance aggregator RenewBuy, has raised an equity fundraising of $9.2 million from Amicus Capital, a mid-market growth capital fund. The capital will be used for expansion of the company to newer geographic locations and addition of new segments like healthcare, accident and term life. Started in 2014, in Gurgaon by former MetLife senior executives, RenewBuy provides real-time quotes from various motor insurance plans. “Given the size of the market, we see huge scope for continued growth and it was important to partner with a strong institutional partner like Amicus Capital who understands our category space and shares the same vision on how to grow the business, said Balachander Sekhar, co-founder, and CEO of RenewBuy.co...
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