Binny Bansal, others lead $65 million funding in Acko

Binny Bansal, others lead $65 million funding in Acko

  • Mumbai: Online insurer Acko General Insurance Ltd Tuesday said it has raised $65 million in a round led by Flipkart co-founder Binny Bansal and a fund led by former SoftBank managing partner Kabir Misra .
  • Apart from Bansal and Misra, the other new investor was Intact Ventures, the corporate venture arm of Canada’s largest property and casualty insurer Intact Insurance.
  • Online insurer Turtlemint, which provides a technology platform for insurance agents to sell products, raised $25 million led by Sequoia Capital in January this year, while according to an Economic Times report, online insurance aggregator Coverfox is looking to raise up to $50 million.
  • However, the online insurance pack is led by SoftBank-backed Policybazaar, which helps compare and buy various types of insurance products.


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