RenewBuy raises $45 million in Series C funding from Apis fund

New Delhi: Insurtech startup RenewBuy has raised $45 million (about Rs 320 crore) in a Series C funding round led by Apis Growth Fund II, a private equity fund managed by UK-based asset manager Apis Partners.

Existing investors Lok Capital and IIFL Wealth also participated in the fundraising. The fresh capital will be used to scale technology, add more products and expand the digital network.