RENEWBUY
BluSmart raises $25 million in mix of debt and equity from ResponsAbility
Indian EV ride-hailing platform BluSmart has raised $25 million from ResponsAbility to expand its EV charging infrastructure. The investment includes $20 million in debt and $5 million in equity funding. BluSmart currently operates 6,000 EV cabs and owns 4,000 EV chargers across Delhi-NCR and Bengaluru.
Will your newborn baby be covered under your company health insurance policy with maternity benefit? Check if you need to act
If you are planning to start a family and depending upon your corporate health insurance policy then you need to check whether it offers adequate coverage to meet all eventualities as in many cases these plans offer no coverage to new born baby or the coverage may not be adequate for the new born baby. To avoid last minute surprises you must ensure that your new born has adequate financial protection.
ETtech Deals Digest: July records $579 million total startup funding, lowest tally in well over a year
As per Tracxn data reviewed by ET, monthly funding totals have never gone below $600 million, trailing at least as far back as March 2022 - 17 months ago.
ETtech Deals Digest: AI software firm o9 Solutions pushes up overall funding in Indian startups this week
The overall total of $234.7 million from 19 deals marked a decline of about 37% compared to the same period last year when startups raised $370 million across 60 rounds.
Dai-ichi Life invests $40mn in RenewBuy's holding company
This is part of the company's Series D fundraise while the promoters are negotiating with a few other investors to mobilise another $10-20 million in primary deals.
How health insurance plans have changed since Covid 19: OPD, mental health, surrogacy, pay as you go and more
Covid 19 pandemic has proven to be a pathbreaking moment for health insurance plans in India as it exposed the vulnerabilities and allowed the regulator to accelerate many reforms which were needed to address the many loopholes in the product and the processes. Here is the list of all prominent features and processes which are available to policyholders which can maximise their health protection.
Lok Capital logs first close of its fourth fund at $90 million
Chennai-based fund expects final close by Sept, 2023 at $150-200 million
These health insurance policies cover home treatment costs also: Is your policy one of these?
The domiciliary hospitalisation feature is especially useful now as many Covid-19 patients are being turned away by hospitals due to shortage of resources such as oxygen, medicines, beds etc.
Career-tech startup Board Infinity acquires CXO career platform Leadup Universe
Following the deal, the entire team of Leadup Universe, including its cofounders and investors, will join Board Infinity. However, the brands will be separately retained.
RenewBuy appoints Nishant Mehta as chief business officer
In his new role, Mehta will be responsible for driving new growth avenues for the firm's insurtech business model. He will chart the growth strategy, business plans and sales development frameworks, for achieving larger business goals of the company.
RenewBuy appoints Gautam Bansal as CFO
Gautam Bansal has worked at organisations like EY, InterContinental Hotels Group, Macquarie, Shuttl, to name a few. He has been associated with multiple financial advisory functions of companies, as well as start-ups operating in e-commerce, logistics, consumer goods, assurance advisory and banking industry. In his previous role, he was the head of finance at Shiprocket.
RenewBuy acquires fintech firm Artivatic.AI
Artivatic.AI is valued at $10 million while acquisition is done by a combination of cash payment and share-swap deals. Promoters of the AI-based start-up have received shares of RenewBuy, according to the chief executives of both the firms. The deal was closed in the first week of February.
RenewBuy raises another $10 million equity, plans international foray
This comes close on the heels of a $45 million capital infusion led by Apis Partners and is part of the firm's third round of equity raising.
RenewBuy raises $45 million in Series C funding from Apis fund
RenewBuy, an insurtech startup, will use the funding from Apis Growth Fund II to scale technology, add more products and expand the digital network, according to a statement.
UK's Apis Partners and others invest $45 million in RenewBuy
This is RenewBuy's third round of equity raising. The company plans to upgrade its technology capabilities to expand its customer base 10 times to around 25 million in the next five years. Policybazaar currently has over 11 million customers.
RenewBuy to raise Rs 200 cr in third round
This would be the third capital infusion into the company. It had raised Rs 60 crore and Rs 120 crore in the previous two rounds.
RenewBuy raises Rs 130 crore from Lok Capital, IIFL AMC
RenewBuy's existing investor Amicus Capital also participated in the Series B round of funding.
Digital insurance company RenewBuy raises Rs 130 crore in latest round
Amicus Capital, an existing investor, has also participated in the Series-B round, which comes after the Gurugram-based company got about Rs 60 crore in funding in October 2017.
Online insurance aggregator RenewBuy scores Rs 60 crore in fresh funding from Amicus Capital
This is the second round of fund raising completed by the Gurgaon-based D2C Consulting, which owns and operates RenewBuy.
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