Funding
ACKO bags $30 million seed round
By Startup Enthusiast ·
- Date
- Company
- ACKO
- What it does
- Digital insurer, Bengaluru
- Kind
- Funding
- Amount
- $30 million
- Stage
- Seed
- Based in
- Bengaluru
- Founded
- 2016
What they do
Varun Dua, who earlier co-founded the insurance comparison site Coverfox, launched ACKO as a new digital-only insurance company
What happened
The seed round of $30 million was among the largest first cheques an Indian startup had received at that time
Why it matters
Backers included Narayana Murthy's Catamaran Ventures, Infosys co-founder Kris Gopalakrishnan, Accel and SAIF Partners
The details
- ACKO raised $30 million in seed money in May 2017.
- The company was founded by Varun Dua after Coverfox.
- The cash was meant to build a fully digital insurer.
Investors
More on ACKO
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- ACKO grows own car garage network28 August 2026 · Launch
- IRDAI bars ACKO from opening new branches20 August 2026 · Policy
- CCI clears General Atlantic's extra ACKO stake18 August 2026 · Stake sale
- ACKO eyes $300 million IPO filing9 June 2026 · IPO · $300 million
- ACKO adds four senior leaders before IPO3 June 2026 · People
- ACKO's insurance arm turns profitable11 May 2026 · Results
- ACKO picks bankers for IPO27 April 2026 · IPO