Digit was founded in 2017 and was initially named Go Digit General Insurance. Team India captain Virat Kohli is one of the early investors of this company.
The company is raising $200 million in fresh funding.
Team India’s captain Virat Kohli is a brilliant cricketer as well as a good businessman. Looking at the future, he had invested in fintech startup Digit in the past. Now its value has increased to more than $ 3.5 billion i.e. 25 thousand crore rupees. Actually Digit is going to collect funds of more than $ 200 million i.e. 1400 crores.
American venture capital firm Sequoia Capital India will have fresh investment in it. Apart from this, old investor Faering Capital is also going to make additional investment in it. This is the biggest ever funding in the Indian insurance market. Digit’s competition in this sector is with Acko, which is backed by Amazon. According to Bloomberg’s report, in January 2021, this company was included in the list of unicorns. At that time its value was estimated at $ 1.9 billion. Since then, it has collected a fund of more than $ 442 million i.e. 3100 crore rupees and its valuation has almost doubled ($ 3.5 billion).
The company was established in 2017
This company was established in 2017. It was founded by Kamesh Goyal, former executive of KPMG and a big name in the insurance world. Initially it was named Go Digit General Insurance. Team India captain Virat Kohli, TVS Capital Funds and Canadian billionaire Prem Watsa are its initial investors. At present, this startup has 20 million or more than 20 million customers and so far it has settled more than 5 lakh claims.
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