Insurtech startup RenewBuy has raised about $8.3 million (Rs 68 crore) in debt funding from InnoVen Capital and Stride Ventures.
According to a report in Entrackr, the board at Renewbuy has passed a special resolution to issue 6,000 non-convertible debentures(NCDs) at an issue price of Rs 1,00,000 each and 11,910 CCPS at an issue price of Rs 6,733 per share to raise the amount. Stride and InnoVen injected Rs 34 crore each in this round.