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Engaged Employer
RenewBuy
3.4
based on 688 Reviews
Video summary
Company Overview
Company Locations
Working at RenewBuy
Company Summary
Online distribution platform for insurance comparison and purchase.
Making Insurance Simplified and Accessible to all #SmartTechRightAdvice
Overall Rating
3.4/5
based on 688 reviews
8% below
industry average
Critically rated for
Promotions, Job security, Work satisfaction
Work Policy
Work from office
68% employees reported
Monday to Saturday
69% employees reported
Flexible timing
58% employees reported
No travel
51% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
11 employees reported
Job/Soft skill training
8 employees reported
Cafeteria
2 employees reported
Professional degree assistance
1 employee reported
View all benefits
About RenewBuy
Founded in2014 (11 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersGurgaon,Haryana, India
Office Locations
Websiterenewbuy.com
Primary Industry
Other Industries
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View in video summary
RenewBuy, founded over seven years ago by Indraneel Chatterjee and Balachander Sekhar, is a leading technology-integrated consulting firm specializing in insurance and financial products. With a strong commitment to technology innovation, service excellence, and corporate culture, RenewBuy stands as a people-driven organization. Our network boasts over 90,000 highly trained advisors spread across more than 750 cities nationwide, demonstrating our deep industry focus and customer-centric approach. These peer-level consultants extend specialized support to meet our customers' financial and insurance needs, significantly enhancing accessibility and simplifying processes.
Operating from over 60 offices with a robust team of 2000+ employees, RenewBuy collaborates with more than 35 insurers. We offer a comprehensive range of products across motor, health, and life insurance, along with financial services including loans, credit cards, and health plans. Our vision is to deliver these essential services across every corner of the country, ensuring a seamless and elevated customer experience.
Mission: Deliver superior Customer Experience across the Insurance Ecosystem through an empowered POS for every 10,000 Indians
Vision: Delivering Superior Customer Experience through Empowered Distribution across the Insurance Value Chain
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RenewBuy Ratings
based on 688 reviews
Overall Rating
3.4/5
How AmbitionBox ratings work?
5
266
4
135
3
89
2
41
1
157
Category Ratings
3.5
Work-life balance
3.4
Salary
3.3
Company culture
3.3
Skill development
3.3
Work satisfaction
3.0
Job security
3.0
Promotions
RenewBuy is rated 3.4 out of 5 stars on AmbitionBox, based on 688 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at RenewBuy
based on 644 reviews
3.5
Rated by 114 Women
Rated 3.5 for Work-life balance and 3.5 for Company culture
3.4
Rated by 530 Men
Rated 3.4 for Work-life balance and 3.4 for Salary
Work Policy at RenewBuy
based on 150 reviews in last 6 months
Work from office
68%
Hybrid
28%
Permanent work from home
4%
RenewBuy Reviews
Top mentions in RenewBuy Reviews
+ 5 more
Compare RenewBuy with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.4/5 based on 688 reviews | 3.7/5 based on 4.8k reviews | 3.5/5 based on 4k reviews | 4.0/5 based on 5.6k reviews |
Highly Rated for |  No highly rated category | No highly rated category | No highly rated category | Salary Skill development Work-life balance |
Critically Rated for | Job security Promotions Skill development | Job security Promotions | Job security Promotions Work-life balance | Job security |
Primary Work Policy | Work from office 68% employees reported | Work from office 49% employees reported | Work from office 74% employees reported | Work from office 55% employees reported |
Rating by Women Employees | 3.5 Good rated by 114 women | 3.4 Average rated by 563 women | 3.3 Average rated by 477 women | 3.4 Average rated by 269 women |
Rating by Men Employees | 3.4 Average rated by 530 men | 3.7 Good rated by 3.9k men | 3.5 Good rated by 3.3k men | 4.0 Good rated by 4.9k men |
Job security | 3.0 Average | 3.2 Average | 3.0 Average | 3.1 Average |
View more
RenewBuy Salaries
RenewBuy salaries have received with an average score of 3.4 out of 5 by 688 employees.
Sales Manager
(150 salaries)
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₹2.2 L/yr - ₹4.5 L/yr
Relationship Manager
(139 salaries)
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₹1.8 L/yr - ₹4.8 L/yr
Software Engineer
(124 salaries)
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₹4 L/yr - ₹9.5 L/yr
Operations Executive
(111 salaries)
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₹2 L/yr - ₹4.2 L/yr
Senior Sales Manager
(105 salaries)
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₹2.8 L/yr - ₹4.9 L/yr
Business Development Manager
(92 salaries)
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₹3.8 L/yr - ₹5.5 L/yr
Senior Software Engineer
(52 salaries)
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₹7.8 L/yr - ₹15.1 L/yr
Team Lead
(43 salaries)
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₹3.5 L/yr - ₹6.3 L/yr
Territory Sales Manager
(41 salaries)
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₹3.9 L/yr - ₹7.5 L/yr
Area Manager
(41 salaries)
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₹6 L/yr - ₹10.8 L/yr
RenewBuy Interview Questions
RenewBuy Jobs
Popular Designations RenewBuy Hires for
Current Openings
RenewBuy News
Indian startups raised over $161 million from June 16 to June 21, 2025; Aspora tops the list
- Indian startups raised over $161 million between June 16 and June 21, 2025, with Aspora leading the pack.
- As many as 16 startups from sectors like NBFC, Fintech, Logistics, and AI received funding.
- Last week, Indian startups raised over $390 million, with Groww securing $200 million.
- High-value deals during the week included Aspora raising $53 million and Spinny securing $30 million.
- Other notable fundings were by Mahaveer Finance ($23M), CLR Facility Services ($15M), and RenewBuy ($10M).
- Emerging startups like Nuvie, Darwix AI, Saswat Finance, illumine, Oben Electric, Techfino, Seven, and Okinawa also secured considerable funding.
- Xportel and One Hand Clap Media did not disclose their funding amounts.
- InCred Money is set to acquire Stocko, Krutrim acquired BharatSahAIyak, and Razorpay acquired POP for $30 million.
ISN | 22 Jun, 2025
Insurance broking startup RenewBuy raises $10 million in funding: Report
- RenewBuy, an insurance broking startup, has secured $10 million in fresh funding from existing investors Apis Partners and 360 One.
- The funding aims to support business development until the pending merger with InsuranceDekho is finalized.
- RenewBuy facilitates the sale of various insurance policies through a network of physical agents and intends to utilize the funds for operational support and business expansion.
- The proposed merger with InsuranceDekho, announced in October 2024, is still awaiting regulatory approval from IRDAI.
- Founded in 2014, RenewBuy has raised a total of approximately $141 million from investors like Dai-ichi Life Holdings and Apis.
- In the financial year ending March 2024, RenewBuy recorded total revenue of Rs 410 crore and narrowed its losses to Rs 114 crore, displaying enhanced operational efficiencies.
- The merger with InsuranceDekho, if finalized, could value RenewBuy at an estimated $300 million to $350 million, positioning the combined entity as a prominent player in India's insurance aggregation sector.
ISN | 21 Jun, 2025
Renewbuy Raises $10 Million from Apis Partners and 360 One
- Insurtech startup Renewbuy has raised $10 million in fresh funding from Apis Partners and 360 One, gearing up for a potential merger with InsuranceDekho.
- The strategic funding aims to support operations and business development during the merger process, pending regulatory approval.
- Renewbuy's last funding round in June 2023 valued the company at $324 million, showcasing investor confidence amid industry consolidation.
- InsuranceDekho is in talks to acquire Renewbuy in a deal that could value Renewbuy at $300-350 million, pending IRDAI approval.
- Founded in 2014, Renewbuy has raised $141 million from investors like Dai-ichi Life Insurance, Apis Partners, and Lok Capital.
- Renewbuy generated ₹410 crore in revenue for FY 2023–24 but reported a net loss of ₹114 crore due to the high-cost structure of the insurtech sector.
- The insurtech startup operates using a hybrid model through physical agents to distribute insurance products.
- With major competitors like InsuranceDekho, Turtlemint, and PB Partners, Renewbuy's merger could set a trend for consolidation in India's digital insurance sector.
Startup Story | 21 Jun, 2025
Insurtech firm Renewbuy bags $10 million from Apis, 360 One
- Renewbuy, an insurtech firm, secures $10 million in funding from existing investors, Apis Partners and 360 One.
- The funding comes as Renewbuy is in the process of merging with InsuranceDekho, a rival insurance broker.
- The funds will aid in business development until the merger is finalized.
- The deal might value Renewbuy at around $300-350 million, creating a billion-dollar entity in the insurance broking sector.
- The merger is pending approval from the Insurance Regulatory and Development Authority of India.
- Renewbuy intends to utilize the funds for business operations and expansion during the interim period.
- Founded in 2014, Renewbuy has raised $141 million to date from investors like Apis Partners and Dai-ichi Life Insurance.
- The startup's last equity funding in June 2023 valued it at around $324 million.
- Renewbuy sells motor health and life insurance products through physical agents and reported total revenue of Rs 410 crore in 2023-24.
- Competitors in the segment include InsuranceDekho, Turtlemint, and Policybazaar's subsidiary, PB Partners.
Economic Times | 20 Jun, 2025
What is 'induced atmospheric vibration' and did it really cause power outages across Spain and Portugal?
- A rare phenomenon called 'induced atmospheric vibration' was initially blamed for causing a massive power outage across Spain, Portugal, and parts of France.
- Extreme temperature variations in Spain led to anomalous oscillations in high voltage power lines, causing synchronization failures and disruptions in the power grid.
- The blackout resulted in airports, metro trains, and hospitals being affected, leading to cancellations and chaos.
- Portugal's electricity network provider REN later refuted the 'induced atmospheric vibration' explanation and attributed the blackout to voltage fluctuations in the Spanish grid.
- The disruption caused by the blackout was due to the shutdown of control and protection systems in response to the fluctuation in voltage.
- The incident revealed the vulnerability of interconnected European power grids and the potential for widespread outages in case of large failures.
- The exact cause of the blackout remains uncertain, with investigations ongoing to determine if it was linked to unusual atmospheric conditions or potential cyber attacks.
- Power losses on such a large scale have occurred before globally, highlighting the challenges in maintaining grid stability and reliability.
- Measures exist to limit the impact of outages in small areas, but they can be overwhelmed in the face of significant power imbalances.
- Efforts are underway to restore power to the affected regions and to prevent similar incidents from reoccurring in the future.
Livescience | 29 Apr, 2025
Understanding Blockchain Bridges: Benefits, Challenges, and Examples
- Blockchain bridges act as translators between different blockchains, enabling asset and data transfers.
- They enhance flexibility by allowing users to utilize assets from one blockchain on another.
- Bridges facilitate collaboration and resource optimization within the crypto ecosystem.
- The process of transferring assets via a blockchain bridge involves locking the original asset and minting an equivalent token on the target blockchain.
- Two main types of bridges exist: custodial bridges, like Binance Bridge, and non-custodial bridges, such as RenBridge.
- Examples of blockchain bridges include Wrapped Bitcoin (WBTC), Polygon Bridge, and Avalanche Bridge.
- Challenges faced by blockchain bridges include security risks, high fees, complexity, and centralization concerns.
- Developments in blockchain bridges aim for enhanced interoperability, security, and user-friendly interfaces.
- Users are advised to research, start with small transactions, stay updated, and prefer decentralized bridges for safety.
- Blockchain bridges play a crucial role in creating a more connected and versatile crypto landscape.
Coinpedia | 22 Feb, 2025
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RenewBuy FAQs
When was RenewBuy founded?
RenewBuy was founded in 2014. The company has been operating for 11 years primarily in the Internet sector.
Where is the RenewBuy headquarters located?
RenewBuy is headquartered in Gurgaon,Haryana and has an office in Gurgaon / Gurugram.
How many employees does RenewBuy have in India?
RenewBuy currently has more than 2,200+ employees in India. Sales & Business Development department appears to have the highest employee count in RenewBuy based on the number of reviews submitted on AmbitionBox.
Does RenewBuy have good work-life balance?
RenewBuy has a Work-Life Balance Rating of 3.5 out of 5 based on 600+ employee reviews on AmbitionBox. 58% employees rated RenewBuy 4 or above, while 42% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read RenewBuy work-life balance reviews for more details.
Is RenewBuy good for career growth?
Career growth at RenewBuy is rated as moderate, with a promotions and appraisal rating of 3.0. 42% employees rated RenewBuy 3 or below, while 58% employees rated it 4 or above on promotions / appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading RenewBuy promotions / appraisals reviews for more detailed insights.
What are the cons of working in RenewBuy?
Working at RenewBuy does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, job security and work satisfaction, based on 600+ employee reviews on AmbitionBox.
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