Private Equity Fund Investments
Digit Insurance raises Rs.121-Cr more from TVS Capital, HNIs
General insurance provider Digit Insurance has raised INR 121 crore from TVS Capital and high net worth individuals (HNIs). Existing investor TVS Shriram Growth Fund has led the round with an investment of INR 56 crore. Notable individuals including Kunal Shah (Founder, CRED), Saujanya Shrivastava (CBO, MMT), Susheel Tejuja (promoter of Landmark Insurance Brokers), Sachin Pillai (MD & CEO Hinduja Leyland Finance), Anil Arora (CEO of Ace Insurance Brokers) also participated in the round. About 110 individual investors have invested in this round. Digit offers a portfolio of products across motor, travel, property and health insurance. It was the first startup to turn unicorn in 2021.
From Venture Intelligence PE-VC Deals Database: Between Feb-17 to July-21, Digit had raised USD 439 million from IIFL VC, Faering Capital, Sequoia Capital, A91 Partners, TVS Capital and Fairfax Holdings. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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