Acko to Raise up to $150 Million at a Valuation of about $2 Billion

Acko General Insurance is a licensed online insurance company that provides a variety of insurance policies such as health, cars, electronics, etc. The insurer sells its merchandise to shoppers digitally without involving insurance coverage brokers utilized by conventional insurance coverage companies. Currently, it’s the fastest growing insurance company in India that has revved up insurance with technology by reducing paperwork and creating products sold to over 50 million customers.

After protracted valuation discussions, existing investors Canada Pension Plan Investment Board (CPPIB), General Atlantic (GA), and Multiples Private Equity agreed to contribute more capital in a likely Series E round.

Acko General Insurance, Mumbai, India, was founded by Varun Dua in 2016. Acko General Insurance operates as a subsidiary of Acko Technology and Services Pvt. Ltd. In October 2021, Acko became a unicorn company.

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