Trading floor with market data displays showing "Go Digit General Insurance Peak XV Partners Sells Shares."
Peak XV Partners, an early investor in Go Digit General Insurance, has divested a significant stake in the insurtech firm, selling 33.3 Lakh shares worth approximately ₹100 Cr through a block deal. The transaction, executed via an open market operation, saw the shares change hands at ₹300 apiece.
The shares offloaded by Peak XV Partners were acquired by two institutional investors: Aditya Birla Sunlife Mutual Fund, which purchased 21.7 Lakh shares for ₹65 Cr, and JP Morgan (Taiwan) Eastern Technology Fund, which bought the remaining 11.7 Lakh shares for ₹35 Cr.
This block deal occurred at a slight discount of 0.9% compared to Go Digit’s closing price on Thursday. The sale follows a period of positive financial performance for Go Digit, which reported a 28.8% year-on-year increase in net profit to ₹149.4 Cr for the fourth quarter of FY26. Gross written premium also saw a 6.2% YoY rise to ₹2,735.7 Cr during the same quarter.
Despite its financial gains, Go Digit has faced regulatory challenges, including a ₹384.4 Cr tax demand notice from the Income Tax department for AY24, which the company intends to contest. The insurtech’s stock has experienced downward pressure, with a year-to-date decline of over 12.1%.
Founded in 2017, Go Digit operates as a digital insurance company offering a range of policies across motor, health, and travel sectors, among others. The company has previously raised over $462 Mn from investors including Faering Capital, Wellington Management, and TVS Capital Funds.
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