Funding
Munich Re Ventures leads ACKO's $60 million
By Startup Enthusiast ·
- Date
- Company
- ACKO
- What it does
- Digital insurer, Bengaluru
- Kind
- Funding
- Amount
- $60 million
- Stage
- Series C
- Based in
- Bengaluru
- Founded
- 2016
What they do
Munich Re Ventures led a round worth about $60 million, roughly Rs 441 crore, in the online insurer in September 2020
What happened
The financing came during the pandemic, a time when more people were buying insurance through apps and websites
Why it matters
It followed the Series C of 2019 and set the stage for the unicorn round the next year
The details
- ACKO raised about $60 million in September 2020.
- The round was led by Munich Re Ventures.
- The amount was reported as Rs 441 crore.
Investors
More on ACKO
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- 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