Digit Insurance to raise $ 200Mn at $3.5 Bn valuation

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Digit Insurance, a Bengaluru-based general insurance company offering health, car, bike, and travel insurance, is raising up to $200 Mn from existing investor Faering Capital and new investors Sequoia Capital India, IIFL Alternate Asset Managers, and a few others in its latest round of funding, subject to IRDAI approval.

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Kamesh Goyal, Chairman and Founder, Digit Insurance, said, “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.”

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