PDS, SAM, Jerome, JSA act on RenewBuy 130 crore fund raise from Lok Capital and IIFL
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PDS, SAM, Jerome, JSA act on RenewBuy 130 crore fund raise from Lok Capital and IIFL

Bar & Bench

Digital insurance company RenewBuy has raised Rs 130 crore in its latest round of equity financing, led by venture capital firm Lok Capital and IIFL Asset Management, an investment unit of financial services company IIFL Holdings.

Amicus Capital, an existing investor, has also participated in the Series-B round.

PDS Legal advised RenewBuy and the team was led by Partner Probal Bhaduri and involved Director Nidhi Arora, Senior Associate, Shilpa Margaret Ekka, and Associate Tanisha Gupta.

Shardul Amarchand Mangaldas advised Lok Capital with a team led by Partner Vishruta Kaul and Senior Associate  Pratyush Singh and Associate Sonali Bhardwaj.

Jerome Merchant + Partners advised IIFL Asset Management with a team led by Partner Sameer Sibal and Associates Rishabh Amber Gupta and Nirav Bakshi.

J. Sagar Associates advised Amicus Capital with a team led by Partner Anand Lakra and Senior Associate Abhilash Chandran.

RenewBuy founders will continue to hold about 40% in the company after the latest fundraising round, reported ET.

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