Go Digit, a digital general insurance company, had a successful stock market debut in India, with its share price climbing 5% on the first day. The company closed 12.5% higher on its debut day, trading higher throughout the session. The Bengaluru-based company's stock closed at Rs 305.75 on the BSE, a 12.4% premium on the issue price, reaching an intra-day high of Rs 314. The company was valued at $3.4 billion, and Virat Kohli and Anushka Sharma reportedly scored a 4X return on their investment in Go Digit.
[Published in May 2024] 📈💰 Stay updated on the latest startup funding activities with our weekly roundup 💼✨ Check out the top 10 investment deals in Asia, including Meesho's impressive $275 million raise: https://t.co/WhkbSlGthe
The week was much quieter than the past few when it came to big funding deals for U.S. startups, but still saw a big $1 billion raise go to (what else?) an AI startup. Biotech and blockchain also saw some good-sized raises. https://t.co/xz0WQDSg5Z
ETtech #Deals Digest | Technology startups logged funding worth about $25.6 million in the penultimate week of May, a sharp 88% decline on year. https://t.co/Cy0SQe3mPJ
Tech 3 Today One quick thing: Homegrown generative AI platform Hanooman gears up for operating system launch In today’s newsletter: Google adds Flipkart to cart Male unicorn founders earned 8X more than female founders Rural growth may ease e-comm war, says Mamaearth CEO…
ETtech #Top5 @Google’s $350-million @Flipkart bet; @canva CEO interview Also in this newsletter: ■ @hcltech-@HPE deal ■ @LinkedIn reviewing MCA penalty ■ ETtech Deals Digest https://t.co/Yi19yLONh1
Many congratulations to the entire team at Digit Insurance for a very successful IPO. Proud to be partners with you in this amazing journey!! @heydigit @peakxvpartners @Surajtweeet https://t.co/SdEs9e9lW2
🚨 Good morning! Read top stories in today's ETtech Morning Dispatch: ■ #Visa fee hike hits IT cos ■ Airport cab fares set to rise ■ Honasa Q4 numbers ■ Go Digit makes stock market debut ■ @TCS AI chief on GenAI’s future https://t.co/6KyQ6rxWAM
#MCTech3 ⚡️ Top #tech and #startup news this evening 🔥 ✴️Google picks Tamil Nadu to make Pixel, drones ✴️Wipro chairman Rishad Premji takes a pay cut ✴️Virat Kohli, Anushka score 4X return on #GoDigit Sign up for the newsletter 👇 https://t.co/1ST4pYbwl7 #Google #Pixel #Wipro
🚨 In today's Tech3 edition 👉Google picks Tamil Nadu to make Pixel, drones 👉Wipro chairman Rishad Premji takes a pay cut 👉Virat Kohli, Anushka score 4X return on Go Digit Also, Nvidia's market cap > Amazon+ Tesla Read & sign up 👇 https://t.co/cMeJWzCDDi.
🚨 Tech 3 Today One quick thing: Nvidia's $2.3 trillion market cap is now more than Amazon, Tesla combined In today’s newsletter: Google picks Tamil Nadu to make Pixel, drones Wipro chairman Rishad Premji takes a pay cut Virat Kohli, Anushka score 4X return on Go Digit MC…
ETtech #Top5 | @heydigit's D-Street debut; Honasa Consumer #Q4 financials Other headlines: ■ @Wipro chairman takes pay cut again ■ @BluSmartIndia's Rs 200-crore fundraise ■ Wearables witness slowdown in Q4 https://t.co/rjAVi2yES2
StartUp Central | Take a look at the top startup headlines this hour📢 ➡️ Google & Foxconn to make Pixel phones, drones in TN ➡️ Tata buys Disney stake at $1 bn valuation ➡️ Finvolve closes maiden funds at ₹100 cr ➡️ Mamaearth-parent Honasa posts profit in Q4 ➡️ Byju's Dir… https://t.co/5UbQWLl9n5
Go Digit General Insurance closed 12.5% higher on its debut day, with shares trading higher throughout the session, tracking a strong mood on Dalal Street. Read on 👇 https://t.co/1k3syi0bMc #GoDigit #Markets #StockMarket
🔼🔼@heydigit makes stock market debut, gains 12% on issue price The Bengaluru-based company's stock closed at Rs 305.75 on the BSE, a 12.4% premium on the issue price. The shares had touched an intra-day high of Rs 314. https://t.co/1YkdNotPca
Digit was the biggest part of the MW short report. “After running a stock promotion of GoDigit, its valuation has incontrovertibly collapsed. We see Digit as generously being valued at ~$1.5b and adjust FFH's book value down -$1.1b." Digit IPO’d last night... $3.4bn $GoDigit https://t.co/yDcCcMvDXm
The Digit valuation was the biggest part of the MW short report. “After effectively running a stock promotion of GoDigit in 2021, its valuation has incontrovertibly collapsed. We see Digit as generously being valued at ~$1.5b." Digit IPO’d last night... $3.4bn #GoDigit https://t.co/dSnG6i7fl3
The Digit valuation was the biggest part of the MW short report. “After effectively running a stock promotion of GoDigit in 2021, its valuation has incontrovertibly collapsed. We see Digit as generously being valued at ~$1.5b." Digit IPO’d last night... $3.4bn $GoDigit #GoDigit https://t.co/2UzwhB7DLz
1/ Go Digit (@heydigit), the digital general insurance company, made a notable splash on the Indian bourses this Thursday, with its share price climbing 5% on debut! 📈 Follow the thread for more 🧵 https://t.co/27zyt4KnOT