Portfolio Company
RenewBuy.Com
Date
2017
Sector
Insurance

Headquartered in Gurgaon (Haryana), RenewBuy.com operates a digital platform for distribution of insurance products. The company was founded by Balachander Sekhar and Indraneel Chatterjee, a team having 42+ years of experience in the insurance industry. The company is a full-service digital insurance platform offering multiple insurance products including motor, health, life and travel insurance. Since its inception the company has on-boarded over 42,000 partners with presence across 600 districts and insured more than 2 million customers. The company offers a compelling value proposition for agents and insurers as it acts as an enabler in the existing insurance distribution value chain which is predominantly agent-dependent and offers a wide distribution platform for insurers especially in Tier II, Tier III and Tier IV towns in India at a variable cost. Using technology, the company has created a differentiated consumer experience and service, as well as contributed towards geographical expansion and penetration of the insurance sector in India.