INR (₹)
RENEWBUY RAISES $40M IN SERIES D ROUND
About Renew Buy-
Founded in 2015 by Balachander Sekhar and Indraneel Chatterjee, RenewBuy has more than a lakh insurance advisors and has insured more than 5 million customers across 800 cities, towns, and districts.
Gurugram-based insurtech startup RenewBuyhas raised $40 million in a Series D round from Japanese insurance major, Dai-ichi Life Holdings Inc. This round is part of the company’s ongoing Series D fundraising, which is attracting interest from several marquee investors, and is expected to close soon.
Features -
- Most insurance companies continue to focus on the top 30 cities only–and are unable to expand due to high fixed costs. Using technology, RenewBuy has brought massive efficiency in the sales process; we want to leverage this to deliver better pricing to consumers.
- This round is part of the company’s ongoing Series D fundraising, which is attracting interest from investors and is expected to close soon.
- RenewBuy’s technology is used by insurance advisors across life, health, and motor insurance; where they can compare product features, and prices and issue policies on the spot, in a transparent and frictionless manner for their consumers.
