India - IIFL, Lok Capital As Well As Existing Investor Amicus Capital Invests Approximately USD 19 Million (INR 130 Crores) In insurance Tech Start Up, Renew Buy.

Legal News & Analysis - Asia Pacific - India - Private Equity

4 July, 2019

 

New Delhi based insurance tech start up, Renew Buy, received an aggregate investment of USD 19 million from IIFL Private Equity, Lok Capital as well as existing investor Amicus Capital by way of Series C round of funding/investment. 

 

Role - Jerome Merchant + Partners advised IIFL

 

Members of JM+P team: The team was led by partner Sameer Sibal along with associates, Nirav Bakshi and Rishabh Gupta.

 

Other Legal advisor 1: Shardul Amarchand Mangaldas, New Delhi advised Lok Capital

 

Members of SAM Co. team: The team was led by partner Visruta Kaul along with senior associate Pratyush Singh and associate Sonali Bhardawaj

 

Other Legal Advisor 2: Jyoti Sagar Associates (JSA), Mumbai advised Amicus Capital

 

Members of JSA team: The team was led by partner Anand Lakra along with senior associate Abhilash Chandran

 

Other Legal Advisor 3: PDS Legal, New Delhi advised the Company

 

Members of PDS Legal team: The team was lead by partner Probal Bhaduri along with principal associate Nidhi Arora, senior associate Shilpa M Ekka and associate Tanisha Gupta

 

Closing Date: 24th June, 2019

 

https://bfsi.economictimes.indiatimes.com/news/insurance/lok-capital-iifl-wealth-invest-130-cr-in-digital-insurer-renewbuy-com/70040578