Digit Insurance’s value soars to $3.5 billion after fresh funding2 min read . Updated: 02 Jul 2021, 05:05 AM IST
- The insurance tech startup is set to raise $200 million from investors such as Faering, Sequoia
- Digit wants to maintain solvency, with an equity dilution of 5% in the recent fundraise
BENGALURU : Insurance technology startup Digit Insurance is raising $200 million from existing and new investors, founder and chairman Kamesh Goyal said. Existing investor Faering Capital, as well as new investors Sequoia Capital India and IIFL Alternate Asset Managers are participating in this fundraise, which is subject to approval from the Insurance Regulatory and Development Authority (Irdai).
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