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Digit Insurance to raise $200 million Updated: Updated: Round would peg Fairfax-backed general insurer’s valuation at $3.5 billion Share Article Round would peg Fairfax-backed general insurer’s valuation at $3.5 billion Digit Insurance is raising up to $200 million from existing and new investors in a round that pegs the Fairfax-backed general insurer’s valuation at $3.5 billion. The fund raising, from existing investor Faering Capital and new investors Sequoia Capital India, IIFL Alternate Asset Managers and a few others, is subject to insurance regulator IRDAI’s approval. It is one of the biggest funding rounds in the Indian insurance industry, bringing the total capital infused into Digit to $442 million. In a smaller funding round in January 2021, it was valued at $1.9 billion, the company said. ....
Digit Insurance raising $200 million in funding - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Insurtech unicorn Digit raises $200m from Sequoia India, others at $3.5b valuation dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.