# Acko Technology and Services Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acko-technology-and-services-private

- Industry: Insurance
- Headquarters: India
- Website: www.acko.com
- Total disclosed funding: $422M
- Latest round: Series D (Oct 27, 2021)
- Investors on record: 13

## About

Founded in 2016 and based in Mumbai, India, Acko General Insurance Limited is an insurance technology company that operates an online platform that offers personalized insurance products based on user consumption behaviors and data analytics. Acko General Insurance was founded by Varun Dua, who serves as the Chief Executive Officer. As of 2018, Acko has raised INR 274 crore (USD 42 million) in funding from investors such as Amazon, Accel Partners, SAIF Partners, Catamaran Ventures. The company started with 6 employees and has grown to more than 400 employees. The company has partnered with businesses like Ola, redBus, Amazon and OYO and launched products like trip insurance, electronics cover and hotel-stay insurance.

The retail products offered by Acko General Insurance include motor insurance, car insurance, bike insurance, health insurance, COVID-19 health insurance, in-trip domestic insurance and mobile insurance. The company partnered with Ola cabs and launched an in-trip insurance program in more than 110 cities in India. The company also partnered with Amazon India to provide mobile insurance plans on the retailer's website and with HDB Financial Services to offer HDBFS customers insurance covers at no additional cost with EMI cards. In July 2020, Amazon Pay partnered with Acko to provide its customers auto insurance policy. The company offers cashless claim settlements for car/bike insurance and health insurance at our PAN India wide network of partner garages and hospitals.

The company has generated a total revenue of INR 195.6215 Crore as of March 2020.

## Funding rounds

- Series D, Oct 27, 2021, $255M — Lightspeed Venture Partners, General Atlantic, CPP Investment Board, Multiples Alternate Asset Management, Munich Re Ventures, Intact Ventures
- Series D, Sep 16, 2020, $60M — Amazon, Munich Re Ventures, Intact Ventures, RPS Ventures
- Series C, Mar 13, 2019, $65M — Accel, Amazon, Elevation Capital, Intact Ventures, RPS Ventures, TechPro Ventures LLP
- Series A, May 27, 2018, $12M — Amazon, Catamaran Ventures
- Seed, May 23, 2017, $30M — Accel, Catamaran Ventures, Elevation Capital, Pratithi Investment Trust

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series C
- Catamaran Ventures (https://capitalatlas.ai/funds/catamaran-ventures) — Seed, Series A
- Elevation Capital — Seed, Series C
- Pratithi Investment Trust — Seed
- Amazon (https://capitalatlas.ai/funds/amazon) — Series A, Series C, Series D
- Intact Ventures (https://capitalatlas.ai/funds/intact-ventures) — Series C, Series D
- RPS Ventures (https://capitalatlas.ai/funds/rps-ventures) — Series C, Series D
- TechPro Ventures LLP — Series C
- Munich Re Ventures (https://capitalatlas.ai/funds/munich-re-ventures) — Series D
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series D
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series D
- CPP Investment Board — Series D
- Multiples Alternate Asset Management (https://capitalatlas.ai/funds/multiples-alternate-asset-management) — Series D