ACKO, an insurtech start-up, has turned an unicorn with the latest $255 million Series D fundraise led by private equity players General Atlantic and Multiples Private Equity, which is an India-focused PE firm. Previously, ACKO has raised capital from respected investors including Amazon, Accel, Elevation, Ascent Capital, Intact Ventures, Munich Re Ventures and Flipkart’s co-founder Binny Bansal, among others. Company profileFounded in 2016 by Varun Dua and Ruchi Deepak, ACKO Insurance is one of India’s leading digital insurance policy providers with its entire operations offered through the digital platform. Last year, ACKO entered the significantly under-penetrated health insurance vertical with a differentiated proposition focused on the employer-employee market. Its flagship retail health insurance product is due to launch by early next year.

Source: The Hindu October 28, 2021 18:46 UTC