Acko Insurance becomes the latest Unicorn with $224 Mn funding

Logo of insurance startup Acko General Insurance Insurance tech startup Acko Insurance announced on Wednesday that it has raised $224 Mn in the latest round. Private equity major General Atlantic led the round while Canada’s largest pension fund, CPPIB, and Lightspeed growth were among the new investors who participated in this round. Existing investors including…

ByGirish ShettiOctober 28, 20210Comments

Funding News

Undisclosed funding propels Digit insurance to Unicorn League

Barely two weeks into 2021 and India’s burgeoning startup industry has already found its first unicorn of the year. Insurance tech startup Digit insurance has hit a valuation of $1.9 Bn following an undisclosed amount of funding by its existing investors. Logo of insurance tech startup Digit Insurance It must be noted that the Pune based startup…

ByGirish ShettiJanuary 15, 20210Comments

News

Acko Insurance’s revenue surges by more than 3x to Rs 195 Cr in FY20

Acko Insurance saw a steep rise in its annual revenue in the financial year 2020 with its revenue clocking at Rs 195 Cr. This is an increase of more than 3X as compared to the annual revenue of nearly Rs 60 cr that the company had earned in FY19. Logo of insurance startup Acko General Insurance However,…

ByGirish ShettiNovember 21, 20200Comments

Funding News

German Reinsurance Firm Munich Re may invest in Acko Insurance

German based Munich Re - one of the biggest reinsurance companies in the world - is in the advanced stage to lead $60 – 70 Mn funding round in Acko General Insurance, according to Economic Times (ET). This will be Acko Insurance’s first major funding of 2020. The funding round will value Acko at approximately 500…

ByGirish ShettiJune 2, 20200Comments

News

Acko files Cybercrime case against two of its former employees

Acko Technology, which operates online insurance portal Acko General Insurance, has filed a cybercrime case against two of its former employees. According to Economic Times, Acko Technology has alleged these employees of stealing confidential information pertaining to their company and used the same for setting up a competing business. The complaint has been filed with…

ByGirish ShettiMay 13, 20200Comments

News

Bengaluru based insurance startup Digit Insurance raises $44 Mn from Fairfax

Digit Insurance raises $44 Mn from Fairfax. Insurance startup Digit Insurance has secured $44 Mn (INR 302.6 Cr) from existing investor Fairfax Holdings. This is a second funding round for the Bengaluru headquartered startup. FairFax has also invested $1 Mn in Digit’s parent company Digit Infoworks, taking the total fundraising amount to $45 Mn. Following the latest…

ByGirish ShettiJuly 25, 20180Comments

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