RenewBuy raises more Series C funding from new investor Evolvence India Fund
Summary
RenewBuy had said last month that the Series C funding was led by UK based asset manager Apis Partners LLP. RenewBuy, operated by D2C Insurance Broking Pvt Ltd, is using the fresh capital to strengthen its tech and expand outside the domestic market. The company, founded in 2015 by Balachander Sekhar and Indraneel Chatterjee, originally focused on the motor insurance sector. The firm had raised Series B funding of Rs 130 crore led by Lok Capital and IIFL in July 2019. Insurance technology startups have attracted significant investor attention in India with the likes of Policybazaar having filed draft papers with the market regulator for an initial public offering.
Funding
Amount
$10.0M
Total raised
Date
August 5, 2021
Announcement date
Investors
-
Lead investors
Company
https://www.renewbuy.com/
Funded company
Classifications
industries
Fintech & Banking
applications
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