Digit Insurance Raises Rs 315 Crore in Second Funding Round
Online digital general insurance company Digital Insurance has reportedly raised an amount of Rs 315 crore in a second funding round. This particular round was led by Fairfax Holdings.
Through this funding round, the company aims to expand its footprint across the country even to the smaller regions. A part of the funds will also be utilized to strengthen the technology platform as well.
“We are looking at major expansion opportunities for our product line as well as our locations of operation and staff strength, looking at the growth path we felt the need for this second round of funding,” said Kamesh Goyal, Chief Executive Officer and the other major shareholder after Fairfax in the company.
Goyal stated that the locations that they are focusing are spread across towns like Siligur...