Digital adoption helps ACKO auto insurance business grow 120 percent over one year aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
ETtech Exclusive: Acko in talks to raise $200 million, may become India’s next unicorn
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Heightened interest among risk investors in the overall fintech sector, due to greater digital adoption triggered by the Covid-19 pandemic, is likely to help boost Acko’s valuation.
ETtech
Varun Dua, co-founder and chief executive, Acko. (Illustration: Rahul Awasthi/ETtech)
Mumbai:Acko is in talks to raise $200 million in a new round of funding that could value the online general insurance startup at $1 billion, according to people aware of the negotiations. A successful deal will propel the startup into a fast-expanding set of newly minted Indian unicorns this year.
For ACKO, TV & traditional media will remain key in the near future: Ashish Mishra adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Amazon-backed Acko concludes first ESOP liquidity programme
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Last Updated: Apr 12, 2021, 08:55 PM IST
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Acko employees who have completed three years at the organisation were given the option to liquidate 40%-100% of their vested employee stock ownership plans (ESOPs).
ETtech
(Illustration: Rahul Awasthi/ETtech)
Mumbai: Amazon-backed general insurance startup Acko has concluded its first ESOP liquidity programme worth $2 million for around 40 of its long-term team members, co-founder Ruchi Deepak told ET Monday.
Under the programme, employees who have completed three years at the organisation were given the option to liquidate 40%-100% of their vested employee stock ownership plan. The exercise valued the Bengaluru-based insurer at around $500 million, or at a premium over its last round of funding, according to a person with knowledge of the matter.