Digit Insurance raises fresh funds at $3.47 Bn valuation

  • General insurance provider Digit Insurance had announced in July that it raised $200 million at a valuation of $3.5 billion.
  • Motor is the largest category for Digit Insurance which contributes 75% of gross premiums on the platform whereas fire and health insurances constitute 20%. According to the company, it had recorded Rs 3,243 crore.
  • Digit Insurance majorly competes with Acko and a host of general insurance companies.
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