Digit Insurance promoted by Fairfax has reached the USD 200 million mark to reward Virat Kohli as well
Digit is enjoying 1.63% of the general insurance industry worth 1, 99,550 crores. The gross written premium of this industry is Rs.3, 243. Out of digit insurance, Virat Kohli strikes gold. If we talk about the key profitability, it stood at 109.4% in the financial year 2021.
Recently Fairfax has pumped 140 million dollars into Bengaluru based firm. If we talk about the users of digit insurance then the number might exceed even 20 million. They have insurance in motor, health, travel, fire, crop, and a lot more segments. Digit is a four-year-old firm that has almost doubled up its profits in the last financial year.
Virat Kohli Gets Mammoth Return On Digit Investment
In January, Digit raised 1.5 million dollars from its investors and shone as the first domestic unicorn with a value of 1.9 million dollars. Digit is basically a firm that deals with covering people and commodities under various insurance. The gross profit of digit increased by 44% during the COVID times, this growth was quite rapid.
According to Gupta, this firm has grown more than 4 times since the year 2019. This drastic growth was even not imagined by the firm owners. Indian skipper, Virat Kohli is the one who got most benefitted from the growth of this firm as today Virat Kohli strikes gold by being valued with 26,000 crores in the digit.
Digit Investors And Investment
Investors of digit are TVS, Indian cricket team captain Virat Kohli, A91 Partners, and some of the digit employees. The chairman of the firm stated that despite the fact that last year was quite challenging for everyone, still, digit has managed to grow.
Virat Kohli apart from digit has made numerous other investments in the past as well. These investments have turned out to be quite fruitful for the team captain. Today we can say that Virat Kohli is nothing less than a money-attracting magnet. Kohli also holds shares in the clothing brand Wrogn that he joined as an ambassador but later on proposed the brand for a partnership.
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