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Lok Capital, IIFL Asset Management lead $19 mn funding in insurance platform RenewBuy

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

July 2, 2019

[Funding alert] Digital Insurance startup RenewBuy raises Rs 130 Cr in Series B funding from Lok Capital and IIFL Wealth

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.

July 2, 2019

RenewBuy raises Rs 130 cr from Lok Capital, IIFL AMC

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.

July 2, 2019

RenewBuy raises Rs 130 cr from Lok Capital, IIFL AMC

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.

July 2, 2019

Insurance Disruptor RenewBuy Raises $19 Mn From Lok Capital, IIFL AMC

The investment will enable RenewBuy to expand into 1000 cities by 2022 Series A investor Amicus Capital also took part in this round The company claims to have over INR 500 Cr in annualised premiums currently Gurugram-based insurance tech startup RenewBuy has secured INR 130 Cr ($19 Mn) in funding from Lok Capital, IIFL AMC and existing investors in a Series B round. Amicus Capital, which had invested INR 60 Cr in RenewBuy during their Series A round in 2017, is also participating in this round. The funding will enable the company to increase footprint into 1000 cities, augment product portfolio, and insure 10 Mn customers by 2022.

July 2, 2019

An insurance startup riding on technology, good old agent is still the key

Gurugram based online insurance comparison platform RenewBuy’s website boasts of a strong backend technology integration with leading insurance companies. But talk to its Chief Executive Officer Balachander Sekhar and the importance of distribution and the role of the agent come out as equal heroes in the company’s script.

Sept. 24, 2018

Online insurance space to hit Rs 600 bn premium revenues in 5 years

The nascent online insurance segment is expected to grow exponentially over the next 5 years and touch almost Rs 600 billion on the back of expanding digital ecosystem. Currently, the domestic online insurance space is a miniscule 2-3 per cent

Aug. 3, 2018

RenewBuy launched "CashOnline" service for its Partners

In order to facilitate the associated partners’, RenewBuy has launched an exclusive CashOnline service which will allow RenewBuy Partners to collect cash from their customer and issue policies online.

May 9, 2018

RenewBuy.com enters Uttar Pradesh

RenewBuy aims to solve this huge Motor Insurance under-penetration gap by strengthening its presence across the states by going deeper into the cities

Dec. 18, 2017

Entering into Uttar Pradesh - RenewBuy

RenewBuy.com, is all set to make a foray into Uttar Pradesh to solve under-penetration of motor insurance.

Dec. 15, 2017

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