Acko

Acko is a tech company with a primary focus on addressing real-world issues for consumers, particularly in the insurance sector. Launched in 2016, Acko has redefined the insurance category in India as the first digital-native insurer. The founders, Varun Dua and Ruchi Deepak, bring extensive experience in the insurance and financial services industries. Targeting the auto insurance, embedded insurance, and health insurance sectors, Acko emphasizes fair pricing, convenience, and superior customer experience. The company's key value propositions include zero commission, zero paperwork, instant renewal, same-day claim settlements, and app-based updates, positioning Acko as a 'Welcome Change' from traditional insurers. Acko's innovative direct-to-consumer (D2C) model empowers customers to access the right insurance products at the best prices with minimal paperwork. The company has demonstrated impressive growth, achieving a CAGR of 88% over the last 4 years, serving over 75 million customers, and issuing approximately 900 million policies to date. In June 2023, Acko secured a significant USD 450+ million in a private equity round, attracting investments from prominent firms including General Atlantic, Multiples Private Equity, Accel, Elevation, Lightspeed Multiples, Amazon, and Canada’s CPPIB. Acko's commitment to simplifying insurance demonstrates its potential for continued growth and innovation in the Insurtech and health insurance industries. To learn more, visit their website at www.acko.com.