Funding
ACKO turns unicorn with $255 million
By Startup Enthusiast ·
- Date
- Company
- ACKO
- What it does
- Digital insurer, Bengaluru
- Kind
- Funding
- Amount
- $255 million
- Stage
- Series D
- Based in
- Bengaluru
- Founded
- 2016
What they do
General Atlantic led a $255 million Series D with Multiples Private Equity, valuing ACKO at about $1.1 billion
What happened
Canada Pension Plan Investment Board and Lightspeed joined, while Intact Ventures and Munich Re Ventures put in more
Why it matters
The deal needed approval from the insurance regulator, and lifted total money raised by ACKO to around $450 million
The details
- ACKO raised $255 million in October 2021.
- The round valued it at $1.1 billion.
- It became India's 34th unicorn (startup worth over $1 billion) of 2021.
Investors
More on ACKO
- ACKO launches DriveCam, Clinic and AirPass1 October 2026 · Launch
- 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