Digit Insurance
±
 | |
| ISIN | 🆔 |
|---|---|
| Industry | Insurance |
| Founded 📆 | 2016 |
| Founder 👔 | Kamesh Goyal |
| Headquarters 🏙️ | Bengaluru, India |
Area served 🗺️ | Pan India |
| Products 📟 | Car Insurance, Bike Insurance, Travel Insurance, Jewellery Insurance, Mobile Insurance, Home Insurance, Bicycle Insurance. |
| Members | |
Number of employees | |
| Parent | Go Digit Infoworks Services Private Limited |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Digit Insurance is a Bangalore-based insurance company, established in 2016[1][2][3]. The digital insurance venture is backed by Fairfax Financial Holdings,[4] Toronto – a publicly listed company founded by Prem Watsa.
History
The company was founded by Kamesh Goyal[5] – a veteran employee of Allianz Insurance. The company began operations in May 2017; they received Insurance Regulatory and Development Authority of India (IRDAI) approval only in September 2017.[6][7][8] Digit currently offers insurance for motor, travel, mobile, home, bicycle and jewellery.
Funding
Digit Insurance received an amount of $49 million (Rs 385 Cr)[9][10] as the first round of funding from Fairfax Holdings in 2017. In 2018, they raised another $45 million (Rs 315 Cr)[11][12][13] to expand its footprint across the country to smaller towns and strengthen its tech platform.
References
- ↑ "LinkedIn says these are the 25 most attractive startups to work for in India". Economic Times. Retrieved 18 September 2018.
- ↑ "Fairfax floats another JV in general insurance". Economic Times. Retrieved 4 January 2017.
- ↑ "Insurtech Startup Digit Insurance Raises $44Mn From Fairfax Holdings". INC42. Retrieved 25 July 2018.
- ↑ "Fairfax to back general insurance startup Digit". Times of India. 13 June 2017.
- ↑ "Fairfax to back general insurance startup Digit". Times of India. Retrieved 13 June 2017.
- ↑ "New age Insurers Acko, Digit get final nod". Times of India. Retrieved 22 September 2017.
- ↑ "Non-life Insurers in India". IRDAI.[permanent dead link]
- ↑ "Fairfax-backed Digit insurance receives IRDAI approval to begin operations". Money Control. Retrieved Sep 22, 2017.
- ↑ "Fairfax to back general insurance startup Digit". Times of India. Retrieved 13 June 2017.
- ↑ "Tech-driven insurance startup Digit secures Fairfax's backing". VC Circle. Retrieved 13 June 2017.
- ↑ "Fairfax invests $45 mn in parent of online insurance startup Digit". VC Circle. Retrieved 25 July 2018.
- ↑ "Prem Watsa's Fairfax Holdings invests $45 mn in parent of Digit Insurance". Business Standard. Retrieved 25 July 2018.
- ↑ "Digit Insurance secures Rs 315 Cr in second round of funding". Economic Times. Retrieved 25 July 2018.
External links
This article "Digit Insurance" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Digit Insurance. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
