Go Digit General Insurance Ltd. Company History and Annual Growth Details

Our Company was incorporated as ‘Oben General Insurance Limited’ under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 7, 2016, issued by the RoC. Subsequently, pursuant to a resolution of our Board dated May 23, 2017, a resolution of our Shareholders dated May 23, 2017, the name of our Company was changed from ‘Oben General Insurance Limited’ to ‘Go Digit General Insurance Limited’ to reflect the new brand name that the Company intended to develop in the market, and a fresh certificate of incorporation under the Companies Act, 2013 was issued by the RoC on June 12, 2017. Our Company, by way of its letter dated June 19, 2017, intimated IRDAI regarding the change in name of our Company.

Major events and milestones:
2017
-Incorporated as a public limited Company to carry on general insurance including health insurance business in India

2018
-Investment by Go Digit Infoworks Services Private Limited, one of our Promoters
-Received approval from IRDAI for doing general insurance business in India including health insurance

2019
-Further investment by Go Digit Infoworks Services Private Limited, one of our Promoters

2020
-Investment by A91 Emerging Fund I LLP, TVS Shriram Growth Fund 3, Faering Capital India Evolving Fund II and Faering Capital India Evolving Fund III
-Launched cash benefit policy for those infected with Covid-19

2021
-Further Investment by A91 Emerging Fund I LLP, TVS Shriram Growth Fund 3, Faering Capital India Evolving Fund II and Faering Capital India Evolving Fund III. Valuation of the Company stood at $1.93 billion

2022
-Investment by Faering Capital Growth Fund III, Faering Capital International Growth Fund III and Wellington Hadley Harbor AIV Master Investors (Cayman) III, Ltd., Ithan Creek Master Investors (Cayman) L.P. and other investors. Valuation of the Company stood at $3.53 billion

2023
-Investment by Peak XV Partners Growth Investments III (formerly known as SCI Growth Investments III), 360 ONE Monopolistic Market Intermediaries Fund (formerly known as IIFL Monopolistic Market Intermediaries Fund)and 360 ONE Special Opportunities Fund – Series 8 (formerly known as IIFL Special Opportunities Fund – Series 8). Valuation of the Company stood at $3.58 billion