Mumbai-based insurance startup, Acko, raises funding for online platform

Acko Technology and Services Pvt. Ltd, a Mumbai-based financial technology startup, has raised a $12 million investment round.

Since its founding in 2016, Acko has formed partnerships with companies like Ola to expand its customer-base and has raised equity funding worth $42 million. The startup also received its Insurance Regulatory and Development Authority in 2017.

Founded by Varun Dua as an online platform to assist with insurance needs ranging from technology and vehicles to insurance for trips.

Amazon India led the most recent funding round worth $12 million, which saw participation from other investors as well. Ashish Dhawan and Catamaran Ventures are among investors in the funding round. In the past Dua has also mentioned the startup’s possible interest in the health insurance sector, Livemint reported.

Past investors in the company include Accel Partners, SAIF Partners, and Kris Gopalakrishnan.

“Acko is a young and nimble startup bringing technology and data-led innovation to the insurance sector to deliver better experience for customers,” Amazon India Senior Vice-President, Amit Agarwal said, as reported by Livemint. “We are excited to back companies that are focused on using technology for enhanced customer experience and are led by missionary founders and management teams.”

The funding round comes around a year after the startup’s seed fund round worth $30 million.

(Picture courtesy: Acko)

3 comments

  • coffee music 2 years ago

    coffee music

    Reply
  • binance register 2 months ago

    Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

    Reply
  • casino en ligne 2 days ago

    Hi there, this weekend is fastidious in favor of me, for the
    reason that this occasion i am reading this enormous educational article here at my house.

    casino en ligne
    I do consider all the ideas you’ve introduced on your post.
    They are very convincing and can certainly work. Still, the posts
    are too short for newbies. Could you please extend them a little from next time?

    Thanks for the post.
    casino en ligne francais
    I blog often and I truly appreciate your content. Your article has
    really peaked my interest. I’m going to bookmark your site and keep checking for new details about once per week.
    I opted in for your RSS feed too.
    casino en ligne France
    Nice post. I learn something new and challenging on sites I stumbleupon everyday.
    It’s always useful to read articles from other writers and use a little
    something from their websites.
    casino en ligne francais
    It’s very straightforward to find out any topic
    on net as compared to books, as I found this post
    at this web site.
    casino en ligne
    I don’t know if it’s just me or if everybody else encountering problems with your blog.
    It looks like some of the text on your content are running off the screen. Can somebody else
    please comment and let me know if this is happening to them
    as well? This may be a problem with my browser because I’ve had this happen previously.
    Cheers
    casino en ligne
    What’s up Dear, are you truly visiting this website on a regular
    basis, if so then you will without doubt take nice experience.

    casino en ligne
    When some one searches for his essential thing, thus he/she wants to be
    available that in detail, so that thing is maintained over here.

    casino en ligne France
    I am really happy to glance at this blog posts which contains plenty of useful facts,
    thanks for providing such data.
    casino en ligne francais
    Hmm is anyone else experiencing problems with the images on this
    blog loading? I’m trying to find out if its a problem
    on my end or if it’s the blog. Any responses would be greatly appreciated.

    casino en ligne

    Reply

Add your comment

Your email address will not be published.