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InsuranceDekho merges with RenewBuy for growth

PRIVATEJul 15, 2026•about 2 months ago

Acquiring Company

InsuranceDekho

Acquired Company

RenewBuy

Gurugram

DelhiInsurance

Description

InsuranceDekho, India’s largest online insurance marketplace, is merging with rival RenewBuy. This strategic move aims to bolster their competitive position in the insurance market. The merger aligns with InsuranceDekho's plans for a substantial IPO expected by March 2027. Major investment banks have been appointed as advisers for this upcoming public offering.

Company Information

Company

InsuranceDekho

Location

Gurugram, Haryana, India

About

According to Agrawal, by FY25, the company expects to hit a healthy mix of 50% premiums coming from motor, with the rest being contributed by other categories. The company is looking to exit FY23 disbursing total premiums of Rs 2,000 crore and to achieve an annualised premium run-rate of Rs 3,500 crore by the end of the current quarter. The company is looking to turn profitable on an earnings before interest, taxes, depreciation, and amortization (Ebitda) level by the end of this quarter, and looks to be profitable on a full-year basis, in FY24. Of the total funding, $110-$120 million is the equity portion, valuing InsuranceDekho at $450-$500 million post-money, sources aware of the deal told ET. Founded in 2016 by Agrawal and Ish Babbar, InsuranceDekho enables customers to compare various insurance policies and helps them purchase the most suitable plan. InsuranceDekho has an on-ground force of almost 80,000 insurance advisors which sell and distribute insurance products from the platform.

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Strategic

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Integration timeline

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Tech stack consolidation

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Frequently asked

Who acquired RenewBuy?

RenewBuy was acquired by InsuranceDekho, based in Gurugram. The deal was reported on July 15, 2026. According to Agrawal, by FY25, the company expects to hit a healthy mix of 50% premiums coming from motor, with the rest being contributed by other categories. InsuranceDekho is privately held and operates in Insurance.

When did InsuranceDekho acquire RenewBuy?

InsuranceDekho's acquisition of RenewBuy was reported on July 15, 2026. InsuranceDekho, India’s largest online insurance marketplace, is merging with rival RenewBuy. This strategic move aims to bolster their competitive position in the insurance market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does RenewBuy do?

The insurtech startup has about 50,000 point-of-sale persons and insured more than 2.5 million customers across 650 cities and towns. It is privately held, and is based in Delhi.

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