Stake sale · Financial Services

Peak xv sells go digit stake to icici prudential

By Startup Enthusiast · 30 July 2026

What they do

Go Digit sells motor and health insurance products to customers

Peak XV sold 57 lakh shares worth Rs 139 crore to ICICI Prudential MF

This marks the second sale by Peak XV in less than two months

Peak XV Partners Growth Investments III sold 57.21 lakh Go Digit shares via a block deal on the NSE.
The transaction occurred on 29 July 2026 at a price of Rs 243 per share.
ICICI Prudential Mutual Fund acquired the entire tranche of shares from the seller.
The sale value was Rs 139.03 crore, representing approximately 0.62% of outstanding equity.
This is the second disclosed sale by Peak XV in less than two months.
A previous sale on 4 June 2026 involved 33.33 lakh shares for roughly Rs 100 crore.
Total shares sold by Peak XV amount to 90.55 lakh for about Rs 239.03 crore.
Go Digit's stock hit an all-time low of Rs 245 on the BSE on 28 July.
The stock declined approximately 21% over the past month before this transaction.

Peak XV is executing a partial exit from its investment in Go Digit.
The company reported a decline in statutory profit during the first quarter of FY27.
Gross written premium also fell by 8.4% year-on-year in the same period.

Incorporated in December 2016 as Oben General Insurance and renamed in June 2017.
IRDAI registration was obtained in September 2017 for operations in India.
Products include motor, health, travel, property, marine, and liability insurance coverage.
Motor insurance remains the largest segment by net premium earned in Q1 FY27.
Statutory PAT for Q1 FY27 was Rs 86.39 crore, down 37.5% year-on-year.
Gross written premium stood at Rs 2,730.86 crore, a decrease of 8.4% from last year.
Ind AS PAT increased to Rs 372 crore compared to Rs 325 crore in the prior year.
PAT with deferred acquisition cost was Rs 190 crore, down from Rs 200 crore previously.
Market capitalization was approximately Rs 23,430 crore as of mid-July trading.

Peak XV Partners Growth Investments III (seller) — Affiliate of Peak XV Partners that sold 57.21 lakh shares.
ICICI Prudential Mutual Fund (buyer) — Acquired the entire tranche of 57.21 lakh shares in the block deal.
Aditya Birla Sun Life MF (buyer) — Bought 21.67 lakh shares in the first sale on 4 June 2026.
JPMorgan Taiwan Eastern Tech Fund (buyer) — Bought 11.67 lakh shares in the first sale on 4 June 2026.
Faering Capital (existing) — Listed as another backer of Go Digit General Insurance.
Wellington Management (existing) — Listed as another backer of Go Digit General Insurance.
TVS Capital Funds (existing) — Listed as another backer of Go Digit General Insurance.