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Announced

Completed

Faering Capital, Sequoia and IIFL led a $200m round in Digit Insurance.

Financials

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Transaction Value£144m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

insurtech

Completed

Insurance Brokers

Venture Capital

Private

insurance services

Acquisition

Private Equity

India

Friendly

Single Bidder

Domestic

Synopsis

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Private equity firms Faering Capital, Sequoia Capital and IIFL Alternate Asset Managers, led a $200m funding round in Digit Insurance, an insurtech startup. The funding comes at a time when risk investors are aggressively seeking a piece of India’s burgeoning online insurance industry, which is gaining from the transition to a digitized economy.

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