🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Go Digit IPO: Price band for Virat Kohli-backed Rs 2,615 crore IPO announced
Economic Times
·
1y ago
Medial
Bengaluru-based insurtech start-up Go Digit General Insurance is set to launch its Rs 2,615 crore IPO from May 15 to May 17, with a price band of Rs 258 to Rs 278 per share. The IPO consists of fresh issue of shares worth Rs 1,125 crore and an offer for sale of 54,766,392 shares. The bidding process allows a maximum of 55 equity shares. 75% of the IPO is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. Go Digit's net earned premium for the nine-month period ending December 2023 rose to Rs 5,115 crore, while its profit after tax reached Rs 129 crore.
View Source
Related News
Virat Kohli, Anushka Sharma to not sell shares in Go Digit's IPO
IndianStartupNews
·
1y ago
Medial
Go Digit General Insurance will open its IPO for subscription on May 15 and close on May 17. Virat Kohli and Anushka Sharma will not be selling their shares in this offering. Both collectively invested ₹2.5 crore in 2020. Considering the upper price band of ₹272, the value of their investment will turn to ₹9.06 crore.
View Source
Go Digit’s IPO: Valuation cut by 25% to $3 bn
The Arc Web
·
1y ago
Medial
Go Digit will launch its Rs 2,615 crore ($313 million) IPO next week, valued at Rs 25,000 crore ($3 billion). The price range is Rs 258-272, a 25% discount from its previous Rs 33,800 crore valuation. This makes Go Digit the first Indian unicorn to IPO below private valuation. The offering includes Rs 1,125 crore in primary capital, reduced from Rs 1,250 crore, and 54.8 million shares in the offer for sale.
View Source
Virat & Anushka ’s Investment In IPO-Bound Go Digit Zooms 3.6X
Inc42
·
1y ago
Medial
Indian cricketer Virat Kohli and his wife, actress Anushka Sharma, have seen the value of their investment in insurtech startup Digit nearly quadruple. The duo invested INR 2.5 crore ($336,000) in Digit in 2020, and at the upper end of the startup's IPO price band, their investment is now valued at INR 9 crore. While Kohli and Sharma are not selling their shares in the company's public offering, Digit plans to raise over INR 2,600 crore through a fresh issue of shares and an offer for sale. Founded in 2017, Digit offers insurance policies in various sectors.
View Source
Insurtech startup Go Digit General Insurance gets SEBI's approval for IPO launch
IndianStartupNews
·
1y ago
Medial
Go Digit General Insurance, an Indian insurtech startup backed by Fairfax Group, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The IPO includes a fresh issuance of shares worth Rs 1,250 crore and an offer for sale of 10.94 crore shares by existing shareholders. Go Digit aims to strengthen its capital base, maintain solvency levels, and support general corporate purposes. The startup offers a wide range of insurance products and is known for being India's first cloud-based non-life insurer. Cricket star Virat Kohli and actor Anushka Sharma are among its notable investors.
View Source
Go Digit makes stock market debut, gains 12% on issue price
Economic Times
·
1y ago
Medial
Bengaluru-based insurance company Go Digit General Insurance made its stock market debut, with shares listing on the National Stock Exchange at a 5.15% premium on the issue price. The company's stock closed at a 12.4% premium on the issue price. The IPO was subscribed 9.6 times, with strong participation from retail and institutional investors. Go Digit's market capitalization stands at over Rs 28,000 crore. The company raised Rs 2,615 crore through the IPO, with the funds being used for business operations and general corporate purposes.
View Source
A91, Peak XV-backed Go Digit lists at a 10% premium
The Arc Web
·
1y ago
Medial
General insurance company Go Digit saw its shares listed on the market on Thursday. Early trading saw the shares reach Rs 303, a 10% premium to its initial public offering (IPO) price. Go Digit's IPO raised approximately Rs 2,615 crore, giving it a market capitalization of Rs 27,584 crore. However, this marks a discount of around 20% compared to its previous private-market valuation. Notably, it is the first unicorn to list at a discount to its private market valuation.
View Source
Digit Insurance IPO's retail portion fully subscribed; key highlights of the offering
Economic Times
·
1y ago
Medial
Bengaluru-based digital insurance company, Go Digit General Insurance Ltd, has launched its Rs 2,615 crore initial public offering (IPO). The retail portion of the IPO was fully subscribed by 1.45 pm on Wednesday. The IPO comprises a fresh equity issue of Rs 1,125 crore and an offer for sale (OFS) of up to 54.7 million shares. Go Digit plans to use the net proceeds to support ongoing business operations and finance future growth activities, particularly focusing on digital and omnichannel expansion. The company reported a net profit of Rs 129 crore for April-December FY24 and achieved a valuation of $3 billion-$3.2 billion for the IPO. However, it has faced legal issues and penalties from the IRDAI.
View Source
MS Dhoni’s family office invests in new-age insurer Acko - The Economic Times
Economic Times
·
1m ago
Medial
Mahendra Singh Dhoni has invested in the D2C insurance platform Acko through his family office, Midas Deals, and will also serve as the brand ambassador. Founded in 2016, Acko emphasizes a tech-first, customer-centric approach and processes over two million insurance claims annually. This mirrors the strategy of Acko's competitor, Go Digit, backed by Virat Kohli and Anushka Sharma as investors and brand ambassadors. Financial details of Dhoni's investment were not disclosed.
View Source
Go Digit’s revenue falls in Q1 FY25 but profit spikes 90%
Entrackr
·
1y ago
Medial
Go Digit General Insurance’s revenue from operations (net premium) decreased 8% to Rs 1,824 crore in Q1 FY25 from Rs 1,982 crore in Q4 FY24. However, its gross premium stood at Rs 2,660 crore in the first quarter of the ongoing fiscal year. The Bengaluru-based company also demonstrated strong financial standing during the previous fiscal year ending March 2024, marking a 37.4% year-on-year growth to Rs 7,096 crore (net premium) with its profits ballooning over 5X to Rs 182 crore during the last fiscal year Besides the operational income, Go Digit also made Rs 253 crore from its investments, tallying its overall revenue q Rs 2,077 crore in Q1 FY25 from Rs 2,692 crore in Q4 FY24. For the general insurance firm, the claims paid were naturally the largest cost center forming 64.48% of the overall expenditure. Akin to its scale, this cost decreased by 10% to Rs 1,285 crore in Q1FY25. The firm’s spending on commission, employee benefits, business development, sales promotion, and other overheads took its overall expense to Rs 1,993 crore in Q1 FY25 from Rs 2,198 crore in Q4 FY25. Despite a slight decrease in scale, Go Digit managed to control its costs by 9.3% QoQ, leading to a significant profit increase. Their profits rose by 90.6%, to Rs 101 crore in Q1FY25 from Rs 53 crore in Q4FY24. Sequentially, the firm posted 5X growth in profits during FY24. Go Digit General Insurance’s IPO was valued at Rs 2,616 crore, comprising a fresh issue of Rs 1,250 crore and the remainder offered for sale. The company debuted on the stock exchange on May 23 this year with a share price of Rs 286, marking a 5.1% gain compared to their price band of Rs 258-272 per share. GoDgit’s share price is currently trading at Rs 349.5 (as of 12.13 PM), According to Entrackr’s estimates, its total market capitalization stood at Rs 32,077 crore or $3.86 billion.
View Source
Virat Kohli acquires 1.94% in Agilitas Sports; Abhishek Sharma joins as investor
Entrackr
·
2m ago
Medial
Virat Kohli acquires 1.94% in Agilitas Sports; Abhishek Sharma joins as investor Indian cricketing icon Virat Kohli has invested Rs 40 crore (approximately $4.7 million) in Agilitas Sports, a sporting goods manufacturing company, as part of the first tranche of what is reportedly a larger funding round. This investment adds to Kohli’s growing startup portfolio, which already includes ventures like Rage Coffee, Digit Insurance, Mobile Premier League (MPL), and Wrogn, among several others. The board of Agilitas Sports allotted 3,61,611 class 2 CCPS at an issue price of Rs 1,106 each to raise the aforementioned amount, its regulatory filing accessed from Registrar of Companies (RoC) shows. In addition to this, the firm is also raising Rs 3 crore from SMLINE Ventures and Indian cricketer Abhishek Sharma, another filing shows. According to Entrackr’s estimates, the Bengaluru-based firm has been valued at Rs 2,058 crore (approximately $242 million) post money. Agilitas Sports has so far raised over Rs 600 crore to date, including a strategic investment of Rs 15 crore from Spring Marketing Capital in September last year. Following the latest infusion, Mauritius-based Infinity Direct Holdings has emerged as the largest shareholder in the company with a 37.73% stake, followed by Co-founder and CEO Abhishek Ganguly, who holds an 18.26% stake. Nexus Venture Partners owns 9.16%, while cricketers Virat Kohli and Yuvraj Singh hold 1.94% and 0.51% stakes, respectively. Founded in 2023 by ex-Puma India head Ganguly, Agilitas Sports follows an integrated model, combining manufacturing, brand licensing, and retail. It recently acquired Mochiko Shoes, which makes footwear for brands like Adidas and Puma. Agilitas is also building its own brands, including Lotto in India and Australia, and plans to expand through retail and a strong “Make in India” focus. Virat Kohli recently ended his Rs 110 crore endorsement deal with Puma India which began in 2017 and was reportedly valued at Rs 300 crore at the time of exit in 2025, to join Agilitas Sports. He is expected to not only serve as the brand ambassador but also play a role in the company’s business decisions.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in