Acko, a digital insurance provider in India, raises another $65M at a $300M valuation
Acko�? a startup out of India that has taken on the country?s antiquated insurance industry with a digital-first product for drivers and others in transportation-related scenarios (for example, cancelled ticket insurance) ? has raised more funding as it passes 20 million customers on its books. The company has closed a Series C of $65 million [?]
- We are always excited to work with companies like Acko that are led by missionary founders and management teams and we remain committed to investing in technology-backed innovations that address real customer problems,” said Amit Agarwal, SVP and Country Head, Amazon India, in a statement on the investment.
- While Bansal is recently no longer in an executive role at Flipkart, it’s notable that he is getting involved with Acko at a time when Dua says he would like to be working more with the company, which is also developing an array of services beyond the basic selling of goods to service India’s rapidly growing base on online consumers.
- “Technology-led insurance is expected to play a significant role in growth of the underpenetrated insurance sector in India,” said Bansal.