Insurance platform increases funding
Web-based motor insurance platform ReNewBuy is planning to raise $1.5m from Singapore-based investment and advisory firm Mount Nathan in its next round of funding to finance its future growth.
Balachander Sekhar, CEO of ReNewBuy, said, ‘Being sharply focused on auto insurance has helped us solve issues related to the ecosystem and deliver superior consumer experience. This is reflected in the rapid growth of our business.’
ReNewBuy is run by Delhi-based D2C Consulting Services.