Venture Capital
Go Digit Infoworks Services Pvt. Ltd, the parent of online insurance startup Digit Insurance, has raised $45 million (around Rs 310 crore) from existing investor Fairfax Holdings. The Pune-registered firm said in a statement that $44 million of the total money received from Canadian billionaire Prem Watsa’s Fairfax in this round will go into Digit. Digit Insurance said it will use the money to invest in new products and expand its distribution network across the country.