Insurtech Firm Go Digit Invests $3.4Mn In Dr Reddy’s

Insurtech company Go Digit has invested Rs 30 crore in Dr. Reddy’s Laboratories, acquiring a 0.32% stake in the company.

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“The investment in shares is being made in the ordinary course of the investment function of the company,” Go Digit said in an exchange filing. 

Founded in 1984 by Kallam Anji Reddy, Dr. Reddy's Laboratories is an Indian multinational pharmaceutical company that makes and sells affordable medicines. It offers a range of products and services, including active pharmaceutical ingredients (APIs), custom pharmaceutical services (CPS), generics, biosimilars, and specialized formulations.

About Go Digit

Founded in 2017 by Kamesh Goyal, the Bengaluru-based Go Digit is a digital insurance company offering a variety of non-life insurance policies, including motor vehicle, health, travel, and property insurance.

In Q3 FY25, Go Digit’s profit after tax (PAT) grew by 176.46% year-on-year (YoY), reaching Rs 118.52 crore, thanks to steady revenue growth and controlled operating expenses.

As of December 31, 2024, the company’s assets under management were Rs 18,939 crore.

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