Bengaluru-based insurtech unicorn Acko eyes $400 million IPO
Acko, the Bengaluru-based digital insurance startup, is gearing up to raise $300-400 million through an IPO, aiming to ride India's tech listing boom, which has already hit $21 billion in 2025.
This move is intended to fuel its growth and meet the rising demand for digital insurance.
What does the company do?
Started in 2016 by Varun Dua and Ruchi Deepak, Acko offers easy-access auto, health, and gadget insurance—mostly online.
With over one billion policies sold to 78 million customers, it's a go-to for mobility and device coverage thanks to partnerships with brands like Zomato and redBus.
The OneCare acquisition in 2024 also boosted its health insurance offerings. Acko's group health insurance product is used by companies like Swiggy.
Other details:
Acko's revenue jumped from ₹2,106 crore in FY24 to ₹2,836 crore in FY25 while losses shrank from ₹667 crore to ₹424 crore.
Backed by Amazon and MS Dhoni among others, Acko wants to turn profitable by FY27—60% of its auto business is already there.
It faces tough competition from Tata AIG and Go Digit in a market set to reach $222 billion soon.