Binny Bansal, Softbank’s Kabir Misra lead $65 million in digital insurer Acko

Binny Bansal, Softbank’s Kabir Misra lead $65 million in digital insurer Acko

  • Flipkart co-founder Binny Bansal and the fund led by Kabir Misra, ex-managing partner at Softbank among others have led a $65 million Series C round in digital insurer Acko General Insurance Ltd., in a deal that showcases rising interest in India’s online insurance space from billionaires and venture capitalists alike.
  • Existing investors Amazon, Accel Partners, SAIF Partners, and TechPro Ventures, the family office of Hexaware founder Atul Nishar also participated.
  • Founded by Varun Dua, Acko received one of India’s biggest seed rounds at the time, when in 2017 it raised $30 million from marquee venture capital funds Accel Partners, SAIF Partners, Infosys founder Narayana Murthy’s Catamaran Ventures and Infosys co-founder Kris Gopalakrishnan.
  • Acko plans invest the funds raised in technology and analytics,a focus area for the insurer.


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