Friday, 24 March, 2023

Digit Insurance aims for a $5 B IPO valuation

<p>Digit Insurance is striving to capitalize on India&#39;s underserved general insurance market. IPOs in the country have underperformed in recent months. Morgan Stanley and ICICI Securities have been appointed as the deal&#39;s bookrunners. Digit Insurance intends to raise funds by issuing new shares. It has served over 20 MN customers in car, bike, health, and travel insurance. Digit is one of India&#39;s few startup unicorns, or companies valued at $1 B or more.</p>