Digit Insurance

Digit Insurance, a subsidiary and part of the Fairfax group, is a General Insurance company in India on a mission to Make Insurance Simple for people.

Digit offers various insurance policies for Car, Health, Travel, Bike, Home, Commercial Vehicle, Mobile, Jewellery etc as per your needs at an affordable rate.

Digit Insurance was founded in 2016 by Kamesh Goyal. The company is headquartered in Bangalore, Karnataka, India.

 

Digit's services include car insurance, travel insurance, home insurance, commercial vehicle insurance, and shop insurance. The company is driven by a mission to reimagine products and redesign price processes.

 

Digit uses technology to simplify processes for their customers like smartphone-enabled self-inspection and audio claims. They are 100 percent on cloud and have launched several offerings relevant to the ever-emerging needs of customers.

 

Digit has expanded through direct channel partners, including ecommerce companies such as Amazon and Flipkart, and a network of 32,000+ including agents, brokers and dealers. It has also partnered with private lenders Karur Vyasa Bank and Singapore-based DBS Bank to sell its product in a bancassurance model.

 

Digit is backed by Fairfax Financial Holdings, A91 Partners, Sequoia Capital India, Faering Capital, TVS Capital and others. The company raised $200M in a new round on Jul 02, 2021. This brings Digit's total funding to $444.5M to date. The new round nearly doubled the company's valuation to $3.5B. Digit was previously valued at $1.9B after it had raised a funding earlier in Jan 2021.

 

 

  • Year founded: 2016
  • Funding Info: $444.5M over 6 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at $3.5B as of July 02, 2021
  • City/Town: Bangalore
  • State: Karnataka
  • Country: India
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