# RenewBuy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/renewbuy

- Industry: Insurance
- Headquarters: Gurgaon, India
- Website: www.renewbuy.com
- Total disclosed funding: $83M
- Latest round: Series C (Aug 5, 2021)
- Investors on record: 5

## About

Based in Gurgaon, India, founded in 2015, RenewBuy operates as a direct-to-consumer platform offering a range of insurance products. The company was co-founded by Balachander Sekhar (CEO), Devesh Joshi, Harman Singh, and Indraneel Chatterjee. In September 2026, RenewBuy, a portfolio company of Dai-ichi Life Insurance, Stride Ventures, InnoVen Capital, Evolvence India, Apis Partners, 360 ONE, Amicus Capital, Lok Capital, and Mount Nathan Advisors, merged into InsuranceDekho, a portfolio company of Cardekho, Alstroemeria Investments, Avataar Venture Partners, Goldman Sachs Asset Management, Investcorp, TVS Capital Funds, LeapFrog Investments, BNP Paribas Cardif, Eurazeo, MUFG Bank, Venture Catalysts, and Yogesh Mahansaria Family Office.

RenewBuy primarily offers a range of insurance products, including health, life, and motor insurance, designed to simplify the insurance and financial journey for its clients. By leveraging a user-friendly digital platform, customers can compare various insurance policies and make informed decisions with the support of insurance experts and advisors. Their life insurance products provide financial security through lump sum death benefits to beneficiaries, ensuring support for living expenses, education, and debt obligations in the event of the policyholder's demise. Health insurance offerings cover medical expenses, while motor insurance safeguards against vehicle-related liabilities. The company operates in multiple geographical markets, extending its services to urban and semi-urban areas across India, catering to individuals, families, and small businesses.

The company's revenue model is predicated on the sale of insurance products directly to consumers, as well as partnerships with insurance providers. This B2C approach allows clients to access various insurance products through the company's platform, fostering a seamless transaction experience. Customers engage in transactions by selecting specific insurance policies that suit their needs, with pricing structures typically reflecting the coverage provided and risk factors associated with individual premiums. The company emphasizes transparency in its transactions, ensuring no hidden fees are attached to the purchase of their insurance products.

## Funding rounds

- Series C, Aug 5, 2021, $10M — Evolvence Capital
- Series C, Jun 18, 2021, $45M — Lok Capital, Apis Partners, 360 ONE
- Series B, Jul 2, 2019, $19M — Lok Capital, Amicus Capital, 360 ONE
- Series A, Oct 16, 2017, $9.3M — Amicus Capital

## Investors

- Amicus Capital — Series A, Series B
- Lok Capital (https://capitalatlas.ai/funds/lok-capital) — Series B, Series C
- 360 ONE (https://capitalatlas.ai/funds/360-one) — Series B, Series C
- Apis Partners (https://capitalatlas.ai/funds/apis-partners) — Series C
- Evolvence Capital (https://capitalatlas.ai/funds/evolvence-capital) — Series C