About Digit Insurance
Digit Insurance is a company based in Bengaluru (India) founded in 2016 by Kamesh Goyal.. Digit Insurance has raised $466.54 million across 6 funding rounds from investors including India Infoline, 360 One and Fairfax Financial Holdings. The company has 4,530 employees as of March 31, 2024. Digit Insurance has completed 1 acquisition, including ITI Re. Digit Insurance operates in a competitive market with competitors including ACKO, 5 nce, Square Insurance Brokers, PBPartners and TeziPay, among others.
- Headquarter Bengaluru, India
- Employees 4530 as on 31 Mar, 2024
- Founders Kamesh Goyal
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Go Digit General Insurance Limited
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Annual Revenue
$1.13 B (USD)12.53as on Mar 31, 2024
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Net Profit
$49.65 M (USD)133.9as on Mar 31, 2024
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EBITDA
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Total Equity Funding
$466.54 M (USD)
in 6 rounds
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Latest Funding Round
$54.53 M (USD), Series D
May 04, 2022
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Investors
India Infoline
& 30 more
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Employee Count
4530
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of Digit Insurance
Digit Insurance is a publicly listed company on the NSE with ticker symbol GODIGIT in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
29 people
Leadership Team
19 people
Sales and Marketing
18 people
Human Resources and Administration
12 people
Legal and Compliance
9 people
Product Management Team
9 people
Business Team
5 people
Data Analysis and Operations Team
4 people
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Funding Insights of Digit Insurance
Digit Insurance has successfully raised a total of $466.54M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $54.53 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $54.5M
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First Round
First Round
(13 Jun 2017)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series D - Digit Insurance | Valuation | India Infoline , Peak XV Partners |
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| Jul, 2021 | Amount | Series C - Digit Insurance | Valuation | Faering Capital | |
| Jan, 2021 | Amount | Series C - Digit Insurance | Valuation | TVS Capital Funds , A91 Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Digit Insurance
Digit Insurance has secured backing from 31 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include India Infoline, 360 One and Fairfax Financial Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Private equity firm managing investments in Indian sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Digit Insurance
Digit Insurance has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ITI Re. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Reinsurance company
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Digit Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Digit Insurance Comparisons
Competitors of Digit Insurance
Digit Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ACKO, 5 nce, Square Insurance Brokers, PBPartners and TeziPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance products for vehicles, health, travel, and life are offered.
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| domain | founded_year | HQ Location |
AI-powered investment and financial advisory services are provided.
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| domain | founded_year | HQ Location |
Platform for insurance broking and policy comparison
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| domain | founded_year | HQ Location |
Multiple insurance products are delivered via a web-based platform.
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| domain | founded_year | HQ Location |
Provider of financial solutions for businesses and individuals
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Digit Insurance
Frequently Asked Questions about Digit Insurance
When was Digit Insurance founded?
Digit Insurance was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Digit Insurance located?
Digit Insurance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Digit Insurance?
Jasleen Kohli is the current CEO of Digit Insurance.
Is Digit Insurance a funded company?
Digit Insurance is a funded company, having raised a total of $466.54M across 6 funding rounds to date. The company's 1st funding round was a Series C of $21.69M, raised on Jun 13, 2017.
How many employees does Digit Insurance have?
As of Mar 31, 2024, the latest employee count at Digit Insurance is 4,530.
What is the annual revenue of Digit Insurance?
Annual revenue of Digit Insurance is $1.13B as on Mar 31, 2024.
What does Digit Insurance do?
Digit Insurance was established in 2016 and is headquartered in Bengaluru, India, within the insurance sector. A variety of general insurance options, including coverage for vehicles, health, property, travel, and business, are offered. Life insurance plans such as term, savings, retirement, and group policies are also available. Claims processing, policy renewals, and support resources like calculators and guides are managed, with agent partnership opportunities extended.
Who are the top competitors of Digit Insurance?
Digit Insurance's top competitors include ACKO, Square Insurance Brokers and PBPartners.
Is Digit Insurance publicly traded?
Yes, Digit Insurance is publicly traded on NSE under the ticker symbol GODIGIT.
How many acquisitions has Digit Insurance made?
Digit Insurance has made 1 acquisition, including ITI Re.
Who are Digit Insurance's investors?
Digit Insurance has 31 investors. Key investors include India Infoline, 360 One, Fairfax Financial Holdings, Peak XV Partners, and TVS Capital Funds.
What is Digit Insurance's ticker symbol?
The ticker symbol of Digit Insurance is GODIGIT on NSE.
What is Digit Insurance's valuation?
The valuation of Digit Insurance is $3.79B as of May 2022.
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