Stake sale · Financial Services

Go Digit General Insurance's early backer Peak XV Partners sold shares worth ₹100 Cr in a block deal

By Startup Enthusiast · 5 June 2026

Date: 5 June 2026
Company: Go Digit
What it does: digital insurance company
Kind: Stake sale
Amount: ₹100 Cr
Founded: 2017
Sector: Financial Services

What they do

Go Digit General Insurance is a full-stack digital insurance company offering policies across motor, health, travel, and property sectors

What happened

Peak XV Partners sold 33.3 lakh shares of Go Digit in a block deal worth ₹100 Cr at ₹300 per share, with Aditya Birla Sunlife Mutual Fund and JPMorgan…

Why it matters

Go Digit reported a 28.8% rise in Q4 net profit to ₹149.4 Cr but faces a ₹384.4 Cr tax demand from the Income Tax department

The details

Go Digit General Insurance's early investor Peak XV Partners sold 33.3 lakh shares in a block deal worth ₹100 crore.
The shares were sold at ₹300 per share, with Aditya Birla Sunlife Mutual Fund buying 21.66 lakh shares worth ₹65 crore.
JPMorgan (Taiwan) Eastern Technology Fund purchased the remaining 11.66 lakh shares for ₹35 crore.
The block deal was executed at a 0.9% discount to the stock’s last closing price.
This transaction follows Go Digit’s Q4 FY26 results, where net profit rose 28.8% to ₹149.4 crore.
Go Digit’s gross written premium increased 6.2% YoY to ₹2,735.7 crore, and gross direct premium income rose 16% YoY to ₹9,846 crore.
However, the company received a tax demand notice of ₹384.4 crore, including ₹100.4 crore in interest, from the Income Tax department.

The bigger picture

Go Digit’s shares have declined 12.1% on a year-to-date basis, indicating selling pressure.
The company’s stock closed at ₹302.7 on the BSE and ₹309 on the NSE on the transaction day.
Go Digit’s market capitalisation is ₹7,416 crore (about $780 million).

About the business

Go Digit General Insurance is a full-stack digital insurance company offering policies across motor, health, travel, and property sectors.
It operates as a listed startup and has raised $462 million in funding to date.
The company’s motor insurance is its largest business line, followed by health and fire insurance.
Go Digit’s Q4 FY26 net premium revenue was ₹2,301 crore.
It counts Faering Capital, Wellington Management, and TVS Capital Funds as its backers.

The deal

Type: stake-sale

Investors

Peak XV Partners (existing) — Early investor in Go Digit General Insurance.
Aditya Birla Sunlife Mutual Fund (buyer) — Purchased 21.66 lakh shares worth ₹65 crore.
JPMorgan (Taiwan) Eastern Technology Fund (buyer) — Purchased 11.66 lakh shares worth ₹35 crore.
Faering Capital (existing) — Backer of Go Digit General Insurance.
Wellington Management (existing) — Backer of Go Digit General Insurance.
TVS Capital Funds (existing) — Backer of Go Digit General Insurance.

Founders

Kamesh Goyal, founder

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