India: InsurTech RenewBuy raises $45m in Series C funding round

RenewBuy, one of India's leading InsurTech companies, has raised $45m in a Series C funding round.

This funding round was led by an investment from Apis Growth Fund II, a private equity fund managed by Apis Partners , a UK-based asset manager that supports growth-stage financial services and FinTech businesses. RenewBuy's existing investors, Lok Capital and IIFL Wealth also participated in the fundraise, according to a statement issued by the InsurTech company.