Funding
Amazon leads ACKO's $12 million round
By Startup Enthusiast ·
- Date
- Company
- ACKO
- What it does
- Digital insurer, Bengaluru
- Kind
- Funding
- Amount
- $12 million
- Stage
- Series A
- Based in
- Bengaluru
- Founded
- 2016
What they do
Amazon led a $12 million round in the digital insurer, joined by ChrysCapital founder Ashish Dhawan and existing backer Catamaran Ventures
What happened
The new money lifted the total raised by ACKO to $42 million since it was started in late 2016
Why it matters
ACKO aims to sell insurance only online, using wider internet access in India to reach people who lack cover
The details
- Amazon led a $12 million round in May 2018.
- Ashish Dhawan and Catamaran Ventures also put money in.
- Total funding reached $42 million.
Investors
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