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India's RenewBuy pool $45m in Series C funding
It will use the investment to compete with PolicyBazaar.
Indian insurtech RenewBuy has raised $45m in a Series C funding round led by Apis Partners, according to media reports.
The fund will help the firm compete with fellow Indian insurtech PolicyBazaar which raised $75m back in March.
RenewBuy offers motor, health and life insurance coverage. Customers can choose and compare insurance prices and features and be advised by a point-of-sale personnel through its platform.
Majority of RenewBuy’s operations are in semi-urban and rural areas in India where it focuses on the under-insured population.
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