RenewBuy
renewbuy.com
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Financials
Funding and backers
Total raised
$47.2M
2 rounds on record
Latest round
$40M
Series D · Jul 2023 · 3 yr ago
Backers
1
Lok Capital
The money's age
Long since its last round
39 months since the last round · not hiring
Momentum
0/100
no fresh signals
Last sign of life
1 mo ago
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Jul 18, 2023
Raised a round Series D $40M · businessline
Oct 12, 2022
New executive RenewBuy welcomes Rahul Garg as Chief Technical Officer · ETCIO.com
Oct 17, 2017
Raised a round Venture round $7.2M · The Times of India
2015
Founded
Tractionpublic signals, read monthly
Web presence
top 6%
of 133.2M domains by links, Common Crawl
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Series D | Jul 2023 | $40M | — | businessline |
| Venture round | Oct 2017 | $7.2M | — | The Times of India |
Backed byfrom the funds' portfolios and accelerator catalogs
Lok Capital Overview
RenewBuy is a technology-driven insurance distribution platform. Its adviser application lets agents compare and sell policies from many insurers. The company focuses on motor and health insurance in smaller cities.
News
InsurTech firm RenewBuy raises $40million in Series D funding round
RenewBuy, a Bengaluru-based InsurTech, raised $40M in a Series D funding round from Dai-ichi Life Holdings Inc. It has over 1,00,000 advisors, 5M consumers, and 1,500 cities in its distribution network. 70% of its business comes from Tier 3-5 markets, and
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RenewBuy raises $40 million in Series D funding round
RenewBuy closes $40M Series D funding from Dai-ichi Life Holdings Inc. to empower advisors to offer insurance seamlessly across 1500 cities. With 5M customers, RenewBuy leverages tech to deliver better pricing to consumers. Hitoshi Yamaguchi, Dai-ichi Lif
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RenewBuy welcomes Rahul Garg as Chief Technical Officer
In this role, Garg will oversee the company
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How RenewBuy automated its different processes to better the customer experience
Renewbuy: AI has helped the insurer to cut down claim processing time to a mere 5 minutes from 45minutes to 1 hour that it took previously
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RenewBuy acquires AI solutions-based insurtech start-up Artivatic.AI Company Business News
Artivatic.AI's 6+ patents in the fintech space will substantially enhance RenewBuy's current policy delivery and servicing capabilities, the company said.
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RenewBuy acquires Artivatic.AI
The deep tech integration will help in providing consumer solutions, related to insurance claim settlements, risk assessments and underwriting. RenewBuy will take the ownership of Artivatic.AI's SaaS solutions for insurance, IP and product portfolio. Arti
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Apis-backed RenewBuy buys Artivatic.ai in first acquisition
RenewBuy, flush from the Series C funding the digital insurer raised last year, said it has acquired Artivatic.ai, owned by Artivatic Data Labs Pvt....
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RenewBuy executes second ESOP buyback for existing, former employees
Digital insurance company RenewBuy has executed its second employee stock ownership buyback plan (Esop), worth Rs 13.7 crore, for its existing and...
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RenewBuy executes second ESOP buyback worth 13.7 crore Company Business News
The second ESOP was executed in the last 12 months and provided encashment to its employees who have been associated for three years and above, RenewBuy said
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Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Gurgaon
India
HQ