The Insurtech RenewBuy company plans to file its initial public offering (IPO) in about two years from now, relying on healthy business growth and a solid pedigree, said its CEO and co-founder Balachander Sekhar. The agent-led digitally driven insurtech company was founded in 2015 by Sekhar and Indraneel Chatterjee to close the insurance supply and demand gap in semi-urban and rural areas of India.
“There was an acceptance of this idea, that if we had our ability to scale and we could reach this scale, we will certainly go public. It is a healthy business. We are one of the most professionally managed companies in this sector. We all have solid experience. prior and a strong pedigree. ”So with all the reasons, I think it’s a question of when. In our opinion, we’re probably a year or two away from that (IPO) … I’d say very soon,” Balachander said Sekhar, CEO and Co-Founder of RenewBuy.