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Insurance broking startup Renewbuy has secured $10 million (about Rs 86 crore) in a funding round from existing investors, London-based Apis Partners and 360 One (previously IIFL Wealth), according to people with knowledge of the matter.
It comes at a time when the Gurgaon-based insurance startup is in the process of merging with rival insurance broker InsuranceDekho.
“These funds will help in business development till the time the merger gets closed,” said one of the persons, who did not wish to be identified.
Renewbuy did not respond to queries…
