Digit Insurance, a Bengaluru-based general insurance company offering health, car, bike, and travel insurance, is raising up to $200 million from existing investor Faering Capital and new investors Sequoia Capital India, IIFL Alternate Asset Managers, and a few others in its latest round of funding, subject to IRDAI approval.
The company claims this to be one of the biggest funding rounds in the Indian insurance industry bringing the total capital infused into Digit Insurance up to $442 million, valuing it at $3.5 billion. Digit saw a smaller round in January 2021, wherein it was valued at $1.9 billion.
