ACKO joined the Unicorn Club on Oct 27, 2021 after raising a $255 million Series D funding round led by Intact Ventures, General Atlantic, and Multiples Alternate Asset Management, reaching a $1.1 billion valuation. Headquartered in Bengaluru, Karnataka, India, ACKO offers digital insurance policy and claims management solutions for property, casualty, auto, and other insurance categories.
The platform enables efficient policy administration, claims processing, and customer support through a digital first interface, catering to modern consumers and partner ecosystems.
Keep reading to learn how ACKO became a leading unicorn in internet first insurance platforms.
What Is ACKO and What Does It Do?
Founded in 2016, ACKO is an internet‑first insurance platform that provides tools for managing insurance policies and claims for auto, property, and casualty segments. The platform supports users with efficient claims handling and administrative services through a fully digital experience.
ACKO integrates technology with customer service to simplify insurance management, focusing on seamless digital access to coverage, premium payments, and claims settlements.
How Much Funding Has ACKO Raised?
1. Seed Round
- Amount Raised: $30 million
- Date: May 23, 2017
- Lead Investors: Kris Gopalakrishnan, N.R. Narayana Murthy, Catamaran Ventures, Accel Partners, SAIF Partners
- Purpose: Initial product development and early scaling
2. Series A Round
- Amount Raised: $12 million
- Date: May 27, 2018
- Lead Investors: Amazon
- Purpose: Platform enhancement and market expansion
3. Series C Round
- Amount Raised: $65 million
- Date: March 13, 2019
- Lead Investors: Amazon, Intact Ventures, RPS Ventures, TechPro Ventures, SAIF Partners, Accel
- Purpose: Scale underwriting technology and product offerings
4. Series D Round 1
- Amount Raised: $60 million
- Date: September 15, 2020
- Lead Investors: Munich Re Ventures, Amazon, RPS Ventures, Intact Ventures
- Purpose: Expand insurance product lines and tech investment
5. Series D Round 2
- Amount Raised: $255 million
- Date: October 27, 2021
- Valuation: $1.1 billion
- Lead Investors: Intact Ventures, General Atlantic, Multiples Alternate Asset Management, Canada Pension Plan Investment Board, Lightspeed, Munich Re Ventures
- Purpose: Achieve unicorn status, accelerate growth, and deepen market penetration
Total Funding Raised: $598 million Latest Funding Date: July 30, 2025 Latest Known Valuation: ₹8,880 crore Employee Count: 1,306 as of Aug 31, 2025
Key Investors
- CPP Investments
- Details: Global investment firm managing pension plan assets worldwide
- Focus Areas: Growth equity, technology, and financial services
- General Atlantic
- Details: Global growth equity firm backing market leading companies
- Focus Areas: Technology, fintech, and consumer platforms
- Intact Ventures
- Details: Corporate venture arm of Intact Financial supporting insurtech innovation
- Focus Areas: Digital insurance solutions and technology adoption
- Munich Re Ventures
- Details: Corporate venture capital arm of Munich Re focusing on insurtech
- Focus Areas: Insurance technology and underwriting innovation
- Amazon
- Details: Strategic investor and global technology company
- Focus Areas: Digital platforms, consumer engagement, and e‑commerce integration
Where Is ACKO’s Headquarters?
ACKO is headquartered in Bengaluru, Karnataka, India, serving as its central hub for product development, operations, and strategy execution.
What’s Next for ACKO?
ACKO plans to expand its digital insurance offerings, enhance claims processing technology, and grow its customer base across segments. The company is focused on new product innovation, improving customer experience, and exploring partnerships that deepen insurance penetration in India.
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