Digital insurance platform RenewBuy.com has raised Rs 130 crore ($19 million) in Series B round of funding led by Lok Capital, IIFL AMC. RenewBuy’s existing investor Amicus Capital also participated in the current round.

Balachander Sekhar, CEO, RenewBuy.com, said the new round of funding will enable the company to accelerate its entry into newer geographies and augment its product portfolio. Insurance platform RenewBuy has raised $19 million in its series B funding round that was led by Lok Capital and IIFL Wealth. Existing investor Amicus Capital also took part in the current round. According to a press statement, the company has on-boarded more than 25,000 POS partners and insured more than 1 million customers across 450 cities since its inception. RenewBuy has now ventured into health insurance and life insurance. With the launch of TravAssured, a travel concierge service, the firm is offering travel insurance along with other travel products and services.

Digital insurance company RenewBuy has raised Rs 130 crore in its latest round of equity financing, led by venture capital firm Lok Capital and IIFL Asset Management, an investment unit of financial services company IIFL Holdings. 

RenewBuy.com, a digital insurance platform, has raised Rs 130 crores ($ 19 million) in a Series B round of funding led by Lok Capital, IIFL AMC. RenewBuy’s existing investor Amicus Capital also participated in the current round.

Digital insurance platform RenewBuy has raised Rs 130 crore ($18.85 million) in a Series B funding round led by impact venture capital firm Lok Capital and IIFL Asset Management Ltd.

Digital insurance platform RenewBuy.com Tuesday said it has raised Rs 130 crore (USD 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.

Insurance products aggregator RenewBuy has raised Rs 130 crore (about $19 million at current exchange rate) in its Series B funding round led by venture capital firm Lok Capital and IIFL Asset Management, a unit of financial services company IIFL Holdings. Existing investor Amicus Capital also participated in the round. The company, backed by Singapore-based investment banking and advisory firm Mount Nathan Advisors, had previously

Digital insurance platform, RenewBuy.com, on Tuesday said that it has raised Rs 130 crore ($19 million) in a Series B funding round led by Lok Capital, IIFL Wealth. RenewBuy’s existing investor Amicus Capital also participated in the current round.

Digital insurance platform RenewBuy.com Tuesday said it has raised Rs 130 crore (USD 19million) 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.

New Delhi, Jul 2 Digital insurance platform RenewBuy.com Tuesday said it has raised Rs 130 crore (USD 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.