 "Prem Watsa, Fairfax, ICICI Lombard, Insurance, India")
Canadian billionaire Prem Watsa’s Fairfax Holdings has invested a second round of capital of $45 million in Digit Infoworks, a parent company for Digit insurance which is a new-age insurance start-up. A significant part of the investment ($44 million) will go to Digit Insurance. This is the largest round of capital infusion in the Indian general insurance ecosystem, the company claimed in a statement. It brings Digit’s total funding to $94 million.
Digit Insurance plans to invest the money in technology to drive its mission of making insurance simple. A significant part of the funding will also be invested in launching
