Digit Insurance Raising Up To $200M, Claims Biggest Funding Rounds In The Indian Insurance Industry

• ByStartupStory     |    July 2, 2021

Bengaluru-based general insurance company, Digit Insurance raising up to $200M from existing investor Faering Capital, the round also saw participation of new investors including  Sequoia Capital India, IIFL Alternate Asset Managers, and a few others in its latest round. Digit was the first Indian Unicorn of the year 2021. They claim this  to be the biggest funding rounds in the Indian insurance industry bringing the total capital infused into Digit Insurance up to $442 million, valuing it at $3.5 billion. Further, Digit Insurance investors also include,  TVS Capital Funds, A91 Partners, Virat Kohli, Indian Cricket Team Captain.

“We will continue to focus on increasing insurance penetration and simplifying processes through technology. Customer service remains our key focus which is evidenced by our high customer rating, 4.7 on Google and 4.9 on Facebook based on 29,000 reviews, and fast claim settlements,” said Kamesh Goyal, Chairman and Founder, Digit Insurance.  He added, “The pandemic and repeated natural calamities have drawn people’s attention towards the importance of insurance. We have covered more than 36 lakh lives over 32,000+ corporates under corporate health insurance alone. Digit will continue enriching the portfolio focussing on providing people-benefitting products.”

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