Tuesday, 02 Jul, 4.46 am Inc42

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

Image Credit: Moneycontrol

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.