Virat Kohli-backed Digit Insurance plans to raise ₹4,000 crore in IPO
Digit has served more than 20 million customers across car, bike, health and travel insurance, as per its website.
India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Digit founder Kamesh Goyal is a veteran of the insurance industry who worked with Germany's Allianz and headed its Indian joint venture. Indian cricket star Virat Kohli is an investor and its brand ambassador.
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