Digit Insurance said to raise $70m investment

India-based InsurTech unicorn Digit Insurance has reportedly raised $70m from Wellington Hadley Harbor and Ithan Creek Master Investors.

Wellington invested $55m into Digit and the remaining $15m came from Ithan, according to a report from entrackr.

The company leverages technology to simplify insurance processes for customers, including smartphone-enabled self-inspection and audio claims. Its services are 100% on cloud and  has launched several offerings to meet the various needs of customers.

Its platform offers insurance policies for health, car, bike, commercial, travel and more. The platform also offers a digital way to complete renewals and claims.

The company previously raised $200m in an investment in 2021, which was led by Faering Capital. This investment valued Digit at $3.5bn.

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