Gururam-based insurtech startup RenewBuy has raised $45 million in a Series C funding round led by an investment from Apis Growth Fund II, a private equity fund managed by Apis Partners LLP, a UK-based asset manager that supports growth-stage financial services and financial technology businesses.
As a result of Covid-19, there has been a significant increase in demand for insurance products. Through this period, RenewBuy claims to have accelerated its growth significantly and its digital platform has gained market share rapidly. This round of funding will help support this accelerated growth.
