Insurance broking startup RenewBuy raises $10 million in funding: Report

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Here’s a summary based on the provided information:

Startup Details

  • Startup: RenewBuy
  • Founded: 2014
  • Location: Gurgaon, India

Funds Raised

  • Latest Funding Amount: $10 million (₹86 crore)
  • Total Funds Raised to Date: Approximately $141 million

Investors

  • Recent Investors:
    • Apis Partners
    • 360 One
  • Previous Investors:
    • Dai-ichi Life Holdings (Japan)
    • Lok Capital

Fundraise Series

  • Latest Fundraise Series: Not specified (but part of overall funding)
  • Last Valuation: Approximately $324 million (after Series D round in June 2023)

Fundraising Date

  • Latest Fundraising Date: Not specified for the latest $10 million round
  • Last Series D Fundraising Date: June 2023

Additional Context

  • The startup is navigating a pending merger with its competitor, InsuranceDekho, and awaiting regulatory approval.
  • RenewBuy’s revenue for FY24 was ₹410 crore, and losses narrowed compared to the previous year.

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2025-06-21 14:06:40