ACKO revenue, valuation and funding
Its last disclosed valuation was $1.1B (Oct 2021), per filings and statements as reported. It has raised $458 Mn in total, as reported by StopDown on 11 May 2026.
| Valuation (Oct 2021) | $1.1B |
|---|---|
| Total raised | $458 Mn |
Each figure links to the story that reported it.
ACKO key facts
- What it doesDirect-to-consumer insurer Story
- Founded2016
- HeadquartersBengaluru
- Last round$255 million, Series D, on 28 October 2021 Story
- StatusIPO planned
$1.1 billionValuation at Series DOct 2021 Profile
₹2,837 croreOperating revenueFY25
₹424 croreNet lossFY25
$2-2.5BValuation sought in IPOApr 2026
Funding rounds
| When | Round | Amount | Investors | Source |
|---|---|---|---|---|
| May 2017 | Seed | $30 million | Catamaran Ventures, Accel, SAIF Partners, Kris Gopalakrishnan, Hemendra Kothari, Atul Nishar | Inc42 |
| May 2018 | Round led by Amazon | $12 million | Amazon (lead), Ashish Dhawan, Catamaran Ventures | TechCrunch |
| Mar 2019 | Series C | $65 million | Binny Bansal, RPS Ventures, Intact Ventures | Inc42 |
| Sep 2020 | Funding round | $60 million | Munich Re Ventures (lead) | Inc42 |
| Oct 2021 | Series D | $255 million | General Atlantic (lead), Multiples Private Equity, CPPIB, Lightspeed, Intact Ventures, Munich Re Ventures | Inc42 |
Timeline
- 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 ₹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
The short version
- 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 ₹2,837 crore in FY25 from ₹2,106 crore a year before, while the net loss shrank to ₹424 crore. Inc42Inc42
- Its general insurance arm made a net profit of about ₹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
Deals and partnerships
Products
- 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
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 legal
- 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. Profile updated 2026-11-08.
Stories cover its launch, policy, stake sale, ipo and people news. Sectors: Financial Services. Stages: Series D, Series C, Series A and Seed. Based in Bengaluru. Stories run from 23 May 2017 to 1 October 2026.
The founders
- NMIMS MBA who began in advertising, then moved to insurance and co-founded the comparison site Coverfox before starting ACKO in late 2016.
Who put in money
UndefinedAccelElevation CapitalGeneral AtlanticLightspeedMultiples Private EquityCatamaran VenturesGeneral Atlantic (India)Multiples Alternate Asset Management
Up against
DigitCoverfoxPaytm Insurance BrokingICICI LombardPolicyBazaarTurtlemint
Every story on ACKO
- ACACKO · Launch · 1 October 2026ACKO launches DriveCam, Clinic and AirPassACKO is a direct-to-consumer insurer that sells without agents, with ₹2,837 crore operating revenue in FY25 and a 99.4% motor claim settlement ratio
- ACACKO · Launch · 28 August 2026ACKO grows own car garage networkACKO crossed ten company-run garages in August 2026 to repair insured cars and lower claim costs
- ACACKO · Policy · 20 August 2026IRDAI bars ACKO from opening new branchesThe insurance regulator warned ACKO General and barred it from opening new places of business for six months from 19 August 2026
- ACACKO · Stake sale · 18 August 2026CCI clears General Atlantic's extra ACKO stakeThe Competition Commission of India approved General Atlantic buying more shares in ACKO's technology company in August 2026
- ACACKO · IPO · 9 June 2026 · $300 millionACKO eyes $300 million IPO filingACKO is said to plan draft listing papers with the market regulator around August or September 2026
- ACACKO · People · 3 June 2026ACKO adds four senior leaders before IPOIn June 2026 ACKO named Apoorv Kalra, formerly of Junglee Games, to lead its auto insurance business
- ACACKO · Results · 11 May 2026ACKO's insurance arm turns profitableACKO's general insurance arm posted a net profit of about Rs 43.6 crore for the year ended March 2026
- ACACKO · Results · 11 May 2026Acko turns profitable in FY26, plans IPOAcko General Insurance is a digital-first insurer offering motor, health, and travel policies
- ACACKO · IPO · 27 April 2026ACKO picks bankers for IPOACKO hired investment banks in April 2026 to manage a stock market listing, aiming at a value of $2 billion to $2.5 billion
- ACACKO · Layoffs · 20 April 2026Acko cuts 60 staff for AI shift ahead of IPOAcko General Insurance offers digital-first insurance products to consumers and businesses across India
- ACACKO · Policy · 30 January 2026Acko commits to pure life insurance productsAcko is an insurer launching pure protection life policies
- ACACKO · Funding · 28 October 2021 · $255 millionACKO turns unicorn with $255 millionGeneral Atlantic led a $255 million Series D with Multiples Private Equity, valuing ACKO at about $1.1 billion
- ACACKO · Funding · 16 September 2020 · $60 millionMunich Re Ventures leads ACKO's $60 millionMunich Re Ventures led a round worth about $60 million, roughly Rs 441 crore, in the online insurer in September 2020
- ACACKO · Funding · 13 March 2019 · $65 millionACKO raises $65 million Series CACKO closed a $65 million Series C in March 2019, with Flipkart co-founder Binny Bansal among the new investors
- ACACKO · Funding · 27 May 2018 · $12 millionAmazon leads ACKO's $12 million roundAmazon led a $12 million round in the digital insurer, joined by ChrysCapital founder Ashish Dhawan and existing backer Catamaran Ventures
- ACACKO · Funding · 23 May 2017 · $30 millionACKO bags $30 million seed roundVarun Dua, who earlier co-founded the insurance comparison site Coverfox, launched ACKO as a new digital-only insurance company
Read next on ACKO
For ACKO: add the “Featured on StopDown” badge
Put this on your website's press or media page. It links readers to ACKO on StopDown.
