Go Digit General Insurance Asset Profile

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Year established

2016

Location

Bangalore Karnataka India

Primary Industry

Insurance

About

Founded in 2016 and based in Pune, India, Go Digit General Insurance, formerly known as Oben General Insurance Ltd., operates as an insurance technology company that provides insurance products through web and mobile applications. Kamesh Goyal, Philip Varghese, Sriram Shankar, and CEO Vijay Kumar co-founded the company. Digit Insurance has raised venture capital funding from private equity investors, including TVS Capital Funds, Faering Capital, and Fairfax Financial Holdings. In August 2022, Go Digit General Insurance filed for an IPO to raise INR 12.5 billion. The company's development team provides insurance technology products for various applications such as health insurance, car insurance, motor insurance, travel insurance, property insurance, and flight delay insurance. The company also offers renewal and claims services for its clients. Digit Insurance’s operational revenue grew 149.4% to INR 12.47 million in the FY ended March 2020 and in FY 2021, Digit Insurance’s premium income grew by 44% to INR 32.43 million.

Current Investors

Fairfax Financial Holdings, TVS Capital Funds, Faering Capital

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Primary Industry

Insurance

Sub Industries

e-Financial, Personal Insurance, Health Insurance, Commercial Insurance, Claims Administration & Processing, Web Applications

Website

www.godigit.com

Verticals

InsureTech, Mobile Apps

Company Stage

Series A

Total Amount Raised

Subscriber access only

Deals

Deals Type
PIPE, Secondary Buyout

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	UGRO Capital Limited	01 Apr 2023

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