Digital insurer Acko raises $65 mn from Binny Bansal, RPS Ventures, others

With this Series C funding, Acko has totally raised $107 mn. It had earlier raised $30 mn in one of the largest seed rounds among Indian start-ups, and $30 mn in Series B funding

Digital-native general insurer Acko has raised $65 million in its Series C financing round from Flipkart co-founder Binny Bansal, RPS Ventures (led by Kabir Misra, ex-managing partner at Softbank) and Intact Ventures Inc, the corporate venture arm of Canada’s largest property and casualty insurer.

Existing investors such as Amazon, Accel, SAIF and TechPro Ventures have also participated in the fund raising.

The money will support company's rapid growth. "Insurance is a capital intensive sector and as the company grow, we will be raising more capital in compliance with the guidelines of the regulator," said Varun Dua, Founder and CEO, Acko.