Investment Summary

Apis Partners Invests In RenewBuy

On June 18, 2021, growth capital firm Apis Partners invested in insurance company RenewBuy

Investment Highlights
  • This is Apis Partners’ 5th transaction in the Insurance sector.
  • This is Apis Partners’ 7th transaction in India.

Investment Summary

Date 2021-06-18
Target RenewBuy
Sector Insurance
Investor(s) Apis Partners
Deal Type Venture

Target

RenewBuy

Gurgaon, India
RenewBuy is a disruptive InsurTech player providing choice and convenience to customers buying Health, Life and Motor Insurance products, delivered through a trusted network of Point-of-sales person (“POSP”) advisors. RenewBuy was founded in 2015 and is based in Gurgaon, Haryana.

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Investor(S) 1

DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.


DEAL STATS #
Overall 21 of 30
Sector: Insurance M&A 5 of 5
Type: Venture M&A Deals 6 of 9
Country: India M&A 7 of 8
Year: 2021 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Tutuka

Johannesburg, South Africa

Tutuka is a global payments enabler making payments happen by enabling clients’ customers to pay with Mastercard, Visa or Union Pay cards and products. Tutuka was formed in 1998 and is based in Johannesburg, South Africa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 DOKU

Jakarta, Indonesia

DOKU is an independent digital payment platforms, enabling merchants to accept a wide range of payment options in online transactions. Currently, it provides merchants with comprehensive suite of payment solutions from a single connection to various payment types, analytics, risk management and settlement solutions. DOKU was founded in 2007 and is based in Jakarta, Indonesia.

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