5. Funding News: RenewBuy Raises $10 Million from Apis, 360 One Amid Merger Countdown

Startup: RenewBuy

Founder: Balachander Sekhar

About us: RenewBuy is a digital insurance platform offering motor, health, and life insurance through a tech-enabled advisor-led model. It simplifies the insurance buying process for Tier 2-3 customers, combining digital innovation with personalized agent support.

Founded Year: 2015

Office: Gurugram, Haryana

Sector: Insurtech

Funding Round: Ongoing Growth Round (Bridge)

Investors: Apis Partners, 360 One (formerly IIFL Wealth)

Gurugram-based insurtech platform RenewBuy has secured $10 million in fresh funding from existing backers Apis Partners and 360 One, ahead of a proposed merger with InsuranceDekho. The round is part of a larger capital strategy that could pave the way for one of India's biggest digital insurance consolidations.

RenewBuy is in late-stage talks for a merger with InsuranceDekho, aiming to create a larger, tech-driven insurance distribution powerhouse. The deal is expected to reshape the insurtech landscape in India.

Website: renewbuy.com

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