Virat Kohli-Backed Digit Insurance Valued At $3.5 Billion After Fresh Funding

Startup Digit Insurance is now valued at $3.5 billion after raising $200 million from existing and new investors, in one of the biggest funding rounds in the insurance sector. The existing investor Faering Capital, along with new investors Sequoia Capital India, IIFL Alternate Asset Managers, among others, are participating in the fundraise, which is subject to approval from the Insurance Regulatory and Development Authority (IRDAI).