Key Metrics
  • No. of Employees1082
  • Founded Year 2015
  • Company StagePrivate Limited Company
  • Total Funding₹1,025.79 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About RenewBuy

RenewBuy was started by Indraneel Chatterjee and Balachander Sekhar in 2015. Their business works on a B2B2C model which is backed by its proprietary technology platform (App & Web platform) that enables their trained POSP (point of sale person)/ advisor to offer insurance products to its customers. RenewBuy works on a digital agent model, which provides transparency and offers instant insurance for lower prices from multiple options. With a strong network of over 60,000 POSP’s/advisors spread across 650+ cities, With a vision to solve the under penetration in the insurance sector. RenewBuy is branched across 50+ offices with a total employee strength of 1800+ and works with over 35+ insurers across motor, health, life and travel insurance categories.

Business Model

Insurtech startup RenewBuy, enables retail customers to buy motor, health, and life insurance products. Users can select from a choice of insurers, compare prices and features and receive advice from trained, certified point-of-sale people who educate and support retail customers during every step of their journey.

Top Competitors
DI
Digit InsuranceU66010PN2016PLC167410
IN
InsurancedekhoU66010RJ2016PTC054811
AC
AckoU66000KA2016PLC138288
PO
PolicybazaarU74999HR2014PTC053454
CO
CoverfoxU72200MH2010PTC210076
RenewBuy Funding Details
Funding Highlights
Latest Funding RoundSeries D
Total Funding Raised₹1,025.79 Cr
No. of Investments Made0
Total No. of Acquisitions1
Lead Investors6
Investors
  • Apis Growth, Balachander Sekhar, Dai-ichi Life Holdings Inc, Amicus Capital, IIFL India, Lok Capital
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
Acquisition Company Done
Detailed report about the Acquistions the company has done till date.
₹499.00 ₹998.00
RenewBuy Financial Details
Financial Highlights
FY 2023-24 Revenue₹410.38 Cr
FY 2023-24 Expenses₹524.25 Cr
FY 2023-24 Profit/Loss-₹114.44 Cr
Net Cash Flow From Operations-₹124.26 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
RenewBuy Key People
People Metrics
Current Core Team4
Board Members/Directors3

Core Team

BS
Balachander Sekhar Co-Founder & CEO
HP
Harman Preet Singh Co-Founder & CBO
IC
Indraneel Chatterjee Co-Founder & COO
DJ
Devesh Joshi Co-Founder

Board Members/Directors

BS
Balachander Sekhar Director
IC
Indraneel Chatterjee Director
AA
Avishek Addy Director
RenewBuy Documents

AY - 2018-19

Profit and loss statement - RenewBuy - 2018-19.pdf
TheKredible's experts has summarized the Profit and Loss Statement of RenewBuy for FY 2018-19
₹249.00 ₹498.00
Balance sheet - RenewBuy - 2018-19.pdf
TheKredible's experts has summarized the Balance Sheet of RenewBuy for FY 2018-19
₹249.00 ₹498.00

AY - 2019-20

Profit and loss statement - RenewBuy - 2019-20.pdf
TheKredible's experts has summarized the Profit and Loss Statement of RenewBuy for FY 2019-20
₹249.00 ₹498.00
Balance sheet - RenewBuy - 2019-20.pdf
TheKredible's experts has summarized the Balance Sheet of RenewBuy for FY 2019-20
₹249.00 ₹498.00

AY - 2020-21

Profit and loss statement - RenewBuy - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of RenewBuy for FY 2020-21
₹249.00 ₹498.00
Balance sheet - RenewBuy - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of RenewBuy for FY 2020-21
₹249.00 ₹498.00

AY - 2021-22

Profit and loss statement - RenewBuy - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of RenewBuy for FY 2021-22
₹249.00 ₹498.00
Balance sheet - RenewBuy - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of RenewBuy for FY 2021-22
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - RenewBuy - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of RenewBuy for FY 2022-23
₹249.00 ₹498.00
Balance sheet - RenewBuy - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of RenewBuy for FY 2022-23
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - RenewBuy - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of RenewBuy for FY 2023-24
₹249.00 ₹498.00
Balance sheet - RenewBuy - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of RenewBuy for FY 2023-24
₹249.00 ₹498.00

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