Digit Insurance raised $84 million from TVS Capital,A91 Partners

Digit Insurance has raised $84 Mn from Faering Capital,A91 Partners & TVS Capital at a valuation of around $870 Mn.

Planning to use funding to meet regulatory capital & foreign exposure guidelines that limit the foreign holding of insurance companies to 49%.

Digit Insurance is a tech-driven general insurance company that offers customised policies at reduced costs on health, auto, travel, smartphones, commercial properties such as stores and holiday homes.

Claims to have received over 1 Mn customers in Sept'19, also crossed over 0.1 Mn claims in the quarter, mostly from flood damage cases.

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