HDFC Bank To Invest Up To INR 70 Cr In Go Digit Insurance Firm

HDFC Bank announced on Thursday (August 25) that it would invest in Go Digit General Insurance’s life insurance business in the IPO route...

proposed investment of between INR 49.9 to INR 69.9 Crore, in two tranches, by subscribing to equity shares of the Company for an equity stake of up to 9.94%,

Go Digit General Insurance, founded in 2017 by Kamesh Goyal ...

The unicorn had last raised INR 121 Cr in a funding round which sent its valuation soaring to  $4 Bn.

The insurtech major reported a loss after tax of INR 295.86 Cr in FY22, up 141% from the INR 122.76 Cr in FY21.

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