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Indian insurance startup Go Digit raises $141M from anchor investors ahead of IPO

Posted on AllSides May 14th, 2024
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Go Digit, an Indian insurance startup, has raised $141 million from dozens of investors as part of an initial public offering that starts on Wednesday. Fidelity, Goldman Sachs, Morgan Stanley, Abu Dhabi Investment Authority, Bay Pond, Mirae Asset Management, Steadview Capital, and HSBC, as well as Indian mutual funds operated by SBI, ICICI, Axis, Tata and Edelweiss served as anchor backers for the IPO, Go Digit disclosed in a filing to the stock exchange. Founded by Kamesh Goyal, an ex-KPMG executive and insurance industry veteran, Go Digit sells auto, health,...

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https://techcrunch.com/2024/05/14/indian-insurance-startup-go-digit-raises-141m-from-anchor-investors-ahead-of-ipo

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