‹ StopDownACKO

ACKO

Digital-only insurer selling car, health, travel and life cover directly

BengaluruFounded 2016InsuranceIPO plannedWebsite ↗LinkedIn ↗X ↗Careers ↗
$1.1BValuation at Series DOct 2021
Rs 2,837 CrOperating revenueFY25
Rs 424 CrNet lossFY25
$2-2.5BValuation sought in IPOApr 2026
◎The short version9 key points
  • ACKO sells car, bike, health, travel and life insurance straight to customers, mostly online and without agents.The Hindu BusinessLineBusiness Standard
  • Varun Dua started it in 2016 after co-founding the comparison site Coverfox. Ruchi Deepak is named as a co-founder.Inc42Inc42
  • Its first cheque in 2017 was $30 million, among the biggest first rounds an Indian startup had then received.Inc42
  • It became a unicorn (a startup valued above $1 billion) in October 2021 with a $255 million Series D led by General Atlantic and Multiples.Inc42
  • Revenue grew to about Rs 2,837 crore in FY25 from Rs 2,106 crore a year before, while the net loss shrank to Rs 424 crore.Inc42Inc42
  • Its general insurance arm made a net profit of about Rs 43.6 crore in FY26, reported as its first profitable year.Inc42
  • In April 2026 it picked ICICI Securities, Morgan Stanley and Kotak as bankers for a stock market listing, aiming for H1 2027.Inc42Reuters
  • The insurance regulator barred it from opening new branches for six months from 19 August 2026 for overspending on management expenses.The Hindu
  • In October 2026 it launched DriveCam, ACKO Clinic and AirPass, products meant to help customers before a loss happens.The Hindu BusinessLineBusiness Standard
↗Timeline15 events
2017
May 2017

Raised $30 million seed round

Inc42
2018
May 2018

Amazon led a $12 million round

TechCrunch
2019
Mar 2019

Raised $65 million Series C

Inc42
2020
Sep 2020

Munich Re Ventures led a round of about $60 million

Inc42
2021
Oct 2021

Became a unicorn with a $255 million Series D

Inc42
2026
Jan 2026

Said it will offer pure protection life policies, separate from investment products

Inc42
Apr 2026

Cut about 60 jobs, around 5% of staff, citing a shift to AI tools

Inc42
Apr 2026

Hired three banks for an IPO, targeting a $2-2.5 billion valuation

Inc42Reuters
May 2026

Insurance arm reported its first full-year profit, about Rs 43.6 crore

Inc42
Jun 2026

Named four new heads for auto, health, Drive and assisted experience

Inc42Moneycontrol
Jun 2026

Reported to plan draft IPO papers for Aug-Sep 2026

Livemint
Aug 2026

Competition regulator cleared General Atlantic to go above 25% in Acko Tech

CNBC TV18
Aug 2026

Regulator barred new branches for six months

The Hindu
Aug 2026

Passed ten company-run garages

Moneycontrol
Oct 2026

Launched DriveCam, ACKO Clinic and AirPass

The Hindu BusinessLineBusiness Standard
₹Funding5 rounds
$30MSeed$12MA$65MC$60M$255MD

Bar height shows relative size of each round.

SeedMay 2017
$30 million
Catamaran Ventures, Accel, SAIF Partners, Kris Gopalakrishnan, Hemendra Kothari, Atul Nishar
Inc42
Round led by AmazonMay 2018
$12 million
Amazon (lead), Ashish Dhawan, Catamaran Ventures
TechCrunch
Series CMar 2019
$65 million
Binny Bansal, RPS Ventures, Intact Ventures
Inc42
Funding roundSep 2020
$60 million
Munich Re Ventures (lead)
Inc42
Series DOct 2021
$255 million
General Atlantic (lead), Multiples Private Equity, CPPIB, Lightspeed, Intact Ventures, Munich Re Ventures
Inc42
⇄Deals and partnerships2 items
Aug 2026General Atlantic stake in Acko Tech

Extra shares through a rights issue take it above 25%

UndisclosedCNBC TV18
2026PhonePe, MyGate, Oyo, Zomato, Urban Company

Distribution partners that sell its cover

UndisclosedEntrackr
▣Products4 items
DriveCam

A dashcam bundled with select car policies. Footage stays on the customer's device unless they allow access.

The Hindu BusinessLine
ACKO Clinic

A members-only preventive health centre, with one clinic coming soon in Koramangala, Bengaluru.

The Hindu BusinessLine
AirPass

A yearly plan for domestic flyers that pays Rs 1,500 automatically for delays over 90 minutes.

The Hindu BusinessLine
Own garages

More than ten company-run garages that repair insured cars. The founder says bills are 20 to 30 per cent lower than at dealers.

Moneycontrol
●People7 people
Varun Dua

Founder and CEO. Earlier co-founded the comparison site Coverfox.

The Hindu BusinessLineInc42
Ruchi Deepak

Co-founder, named on two cards.

Inc42
Apoorv Kalra

Leads the auto business. Earlier at Junglee Games.

Inc42
Kunal Kapur

Leads health. Earlier at Meta.

Inc42
Vivek Sharma

Leads the Acko Drive ecosystem. Co-founded Fixcraft.

Inc42
Neha Gupta

Leads assisted experience. Earlier at Zepto.

Inc42
Nitin Khanna

Takes over marketing after the CMO stepped down.

Inc42
§Licences and legal2 items
19 Aug 2026

The insurance regulator warned ACKO General and barred new places of business for six months over exceeding management expense limits in 2024-25. Niva Bupa got the same order.

The Hindu
18 Aug 2026

The Competition Commission cleared General Atlantic Singapore ACK to raise its holding in Acko Tech past 25%.

CNBC TV18

Every line links to the article it came from, written in our own words. Not investment advice.