PE Fund Investments
General insurance firm Digit raises Rs.417-Cr more from Sequoia, IIFL
Bangalore-based unicorn general insurance provider Digit has raised INR 417 crore more from existing investors Sequoia Capital India and IIFL VC at a valuation of over $4 Billion. Existing backer Sequoia invested INR 269 crore while IIFL invested INR 148 crore. Digit will allot the two investors a total of 1.27 crore equity shares at an issue price of INR 328 per share.
From the Venture Intelligence PE-VC Deal Database: Between Feb-17 and Jul-21, Digit had raised over USD 455 M from IIFL VC, Faering Capital, TVS Capital, Sequoia Capital India, A91 Partners and promoting investor, Fairfax Holdings. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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