Digit Insurance

Health insurance is going through a phase of structural stress—both for customers and insurers, says Goyal

Go Digit raises Rs 1,176 crore from anchor investors in pre-IPO fundraise

The company allotted 4.32 crore shares at Rs 272 apiece to 56 anchor investors, as per exchange filings on May 14 evening

IRDAI slaps Rs 1 crore penalty on IPO-bound Go Digit General Insurance

As per the regulator, Go Digit had failed to disclose a change in the conversion ratio of compulsorily convertible preference shares issued by its holding company — Go Digit Info Works Services (GDISPL)— to Fairfax Group-owned FAL Corporation.

Digit Insurance IPO put on hold by Indian watchdog

The IPO has been kept in ”abeyance” and certain observations have been issued, the document on SEBI’s website said without elaborating.

Next-in-line public issues to revive bullish bets on Indian markets

Digit Insurance, Concord Biotech, Dreamfolks Services, and Balaji Solutions are a few upcoming IPOs you can watch out for.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Decoding Prem Watsa-backed Digit Insurance's IPO documents in five charts

The company on August 16 filed draft documents for an initial public offering, whose total size is likely to be around Rs 5,000 crore

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Prem Watsa-backed Digit Insurance files draft documents for Rs 5,000-crore IPO

As per the draft documents, the company is looking to raise Rs 1,250 crore from a fresh issue of shares and through an Offer for Sale of 10.94 crore equity shares for an undisclosed amount

Will assess timing of IPO based on market conditions: Digit Insurance Chairman Kamesh Goyal

Separately, Digit has applied to the IRDAI for life insurance and reinsurance licences. Goyal said that while it will be tough to be a new life insurance player, the company will have the advantage and flexibility to build its tech and operations afresh.

Prem Watsa's Fairfax Group's-backed Digit Insurance targets $5 billion in IPO valuation: Report

Founded in 2017, Digit is trying to capitalise on India's under-penetrated general insurance market along with users' need for a better customer experience like easier claim settlements, though IPOs in the country have not done well in the past few months.

MC Exclusive | You can build a good company in India, regardless of your background or education: Fairfax's Prem Watsa

Indian-Canadian billionaire Watsa's Fairfax Financial Holdings has investments in a number of Indian companies including general insurance startup Digit which is currently valued at $3.5 billion.

India will be the place to come to put money in: Fairfax founder Prem Watsa

"We say, jokingly, that our strategic plan is to wait for that telephone to ring," says Prem Watsa in interview

Health insurance demand in India jumps two-fold during Omicron wave: Digit Insurance study

However, the average health cover size dipped in December, the non-life insurer’s internal study showed.

Digit Insurance eyes Rs 6,500 crore in premia sales by October 2022

The digital-only insurer had sold the first policy in October 2017 and has since then sold to over 20 million customers. It achieved break-even in the third year and entered the unicorn club in less than four years and is now valued at over USD 3.5 billion.

Never been a more exciting time to be in general insurance, says Digit Insurance’s Goyal

Digit Insurance’s founder and chairman Kamesh Goyal says the current financial year is challenging for the general insurance industry, but is betting on strong growth in the following 12 months.

Digit Insurance becomes first unicorn of 2021 with $1.9 billion valuation

Digit Insurance achieved the $1 billion plus valuation (Rs 14,050 crore to be exact) in three years of operations after existing investors pumped in Rs 135 crore of additional capital in January 2021.