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Digit Insurance FY21 net loss shrinks as revenue soars over 50%

Finance

17 January, 2022

Digit Insurance FY21 net loss shrinks as revenue soars over 50%

Cloud-based general insurance company Digit Insurance’s net loss shrank sharply in 2020-21 (FY21) as the company reported a strong growth ......

Digit Insurance valued at $3.5 bn in funding round led by Faering Capital

TMT

02 July, 2021

Digit Insurance valued at $3.5 bn in funding round led by Faering Capital

Bengaluru headquartered general insurance company Digit Insurance on Friday said it has reached a valuation of $3.5 billion, a 1.8-time ......

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Unpacking Digit Insurance -- India's newest unicorn

TMT

20 January, 2021

Unpacking Digit Insurance -- India's newest unicorn

When Kamesh Goyal, founder and chairman of Digit Insurance, the country’s newest unicorn, started the non-life insurance company a little ......

Sequoia, Faering Capital double down on non-bank lender Finova

TMT

28 October, 2020

Sequoia, Faering Capital double down on non-bank lender Finova

Jaipur-based non-banking financial company Finova Capital Pvt. Ltd has raised $35 million (about Rs 260 crore) from existing venture capital ......

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Faering-backed WheelsEMI raises fresh funding in flat Series C round

Finance

13 August, 2020

Faering-backed WheelsEMI raises fresh funding in flat Series C round

WheelsEMI Pvt. Ltd, a non-banking finance company which offers loans for two-wheelers, has raised fresh capital in a flat Series ......

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Warburg Pincus moves ahead to take another Indian portfolio firm public

Finance

20 July, 2020

Warburg Pincus moves ahead to take another Indian portfolio firm public

Private equity giant Warburg Pincus has inched a step closer to taking public one more company from its India portfolio, ......

Grapevine: Geojit may buy Faering-backed Funds India; Blackstone to sell Embassy REIT units

General

23 June, 2020

Grapevine: Geojit may buy Faering-backed Funds India; Blackstone to sell Embassy REIT units

Geojit Financial Services is in talks to buy an online mutual fund investment platform -- Funds India -- from its ......

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Faering Capital exits digital payments firm with benchmark returns

Finance

14 April, 2020

Faering Capital exits digital payments firm with benchmark returns

Mid-market private equity firm Faering Capital has fully exited a digital payments firm through a buyout deal. Mumbai-based Faering has sold ......

Grapevine: TPG, James Murdoch, others in talks to invest in Dream11

General

09 March, 2020

Grapevine: TPG, James Murdoch, others in talks to invest in Dream11

Global private equity firms TPG, Advent International, James Murdoch’s holding firm Lupa Systems and home-grown Chrys Capital are in final ......

A91, TVS Capital, Virat Kohli and others back Go Digit

TMT

21 January, 2020

A91, TVS Capital, Virat Kohli and others back Go Digit

Go Digit General Insurance Ltd, which is backed by Canadian investment firm Fairfax, has raised Rs 606.7 crore ($85 million) ......