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Venture Capital

Renewbuy Raises Rs 130 Cr From Lok Capital, Iifl Amc | Business Standard News

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Digital insurance platform Tuesday said it has raised Rs 130 crore (USD 19million) in a funding round led by Lok Capital and IIFL AMC. RenewBuy's existing investor Amicus Capital also participated in the Series B round of funding. The investment will enable the company to increase its footprint to 1,000 cities, augment product portfolio, and insure 10 million customers by 2022, a company release said. "It will also accelerate our entry into newer geographies and augment our product portfolio to meet India's immense unmet insurance demand.

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