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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.
String of IPOs will sustain funding frenzy, say founders, investors indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
ETtech Exclusive: Acko in talks to raise $200 million, may become India’s next unicorn SECTIONS Share Synopsis 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 India Insurer Startup Eyes Funding Round that Could Create $1B Value Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to raise about $200 million in the round, said the people, who asked not to be identified as the information is private. Acko is also considering a listing as soon as this year, one of the people said. The funding round, if successful, will make Acko the latest unicorn in India, where there’s been a boom for the technology industry. In April, the country minted at least six new startups with a valuation of $1 billion or more in a week’s time. ....