Acko Insurance is a private sector general insurance company in

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

. Founded in November 2016, the company received its license from the

Insurance Regulatory and Development Authority of India The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous and statutory body under the jurisdiction of Ministry of Finance, Government of India. It is tasked with regulating and licensing the insurance and re-insur ...

(IRDAI) in September 2017. Acko follows an online-led model and hence all operations for the company are offered through the digital platform.

History

Acko General Insurance was founded by Varun Dua, is the Chief Executive Officer. As of 2018, Acko has raised

₹ The Indian rupee sign ⟨₹⟩ is the currency symbol for the Indian rupee (ISO 4217: INR), the official currency of India. Designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010, following its ...

274

crore Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...

($42 million) in funding from investors such as

Amazon Amazon most often refers to: * Amazon River, in South America * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon (company), an American multinational technology company * Amazons, a tribe of female warriors in Greek myth ...

Accel Partners Accel, formerly known as Accel Partners, is a global venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional ope ...

, SAIF Partners, Catamaran Ventures. The retail products offered by Acko General Insurance include motor insurance, in-trip domestic insurance and mobile insurance. Acko BLORE In October 2021, the company secured its position as India's 34th unicorn by raising $255 million through a Series D funding round.

Acko Drive

Acko Drive was introduced in 2019 as part of the company’s expansion into automotive services, initially collaborating with car dealerships in Bengaluru. By 2024, the platform was operational in 12 Indian cities, including

Delhi NCR The National Capital Region (NCR; ) is a region centred upon the National Capital Territory (NCT) of Delhi in India. It encompasses Delhi and several districts surrounding it from the states of Haryana, Uttar Pradesh, and Rajasthan. The NCR and ...

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

, and

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

. In 2022, Acko Drive began facilitating online car purchases and financing options through partnerships with banks and non-banking financial institutions. Maintenance and repair services were later added, with two service centers operating in Bengaluru as of 2024. The company has also collaborated with used-car platforms Zoomcar, Spinny and Cars24.

References

External links

* {{Official website, http://www.acko.com 2016 establishments in India Financial services companies established in 2016 Online companies of India Privately held companies of India Online insurance companies Insurance companies of India 2016 establishments in Karnataka Companies based in Bengaluru