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[edit]
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[edit]
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 have 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[edit]
- ↑ "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.
- ↑ "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[edit]
*Category:Insurance companies of India (Category:General insurance companies of India
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.
