InsuranceDekho / RenewBuy 2024
InsuranceDekho acquired RenewBuy on October 28, 2024.
- Target
- RenewBuy
- Acquirer
- InsuranceDekho
- Announced
- October 28, 2024
- Sub-sector
- Insurtech
Transaction overview
- InsuranceDekho announced the acquisition of RenewBuy on October 28, 2024.
- The deal is expected to close pending customary conditions.
Strategic rationale
Merger creates India's second-largest insurance aggregator platform, combining complementary customer bases and product offerings to compete with PolicyBazaar.
Deal terms & multiples
Frequently asked questions
When did InsuranceDekho announce the acquisition of RenewBuy?
InsuranceDekho announced the acquisition of RenewBuy on October 28, 2024.
What sub-sector is RenewBuy in?
RenewBuy is tracked in the Insurtech sub-sector.
Sources
- livemint.com /companies/start-ups/insurancedekho-renewbuy-in-talks-to-merge-to-create-indias-2nd-largest-insurance-aggregator-11730010627475.html