 "Varun Dua, founder of Acko")
Digital insurer Acko has raised $255 million in a Series D fundraise, valuing the fintech startup at $1.1 billion, led by General Atlantic and Multiples Private Equity. The round also saw participation from Canada Pension Plan Investment Board (CPPIB) and Lightspeed, among others.
The transaction is subject to approval by the country’s insurance regulator, IRDAI.
The total funds raised by Acko now stand at $450 million. The company had earlier raised capital from investors like Amazon, Accel, Elevation, Ascent Capital, Intact Ventures, Munich Re Ventures and Flipkart’s co-founder Binny Bansal, among others. It claims to have over 70 million customers, with the
