The Bangalore-based startup brought $60 million up in an arrangement D financing round a year ago.
Acko General Insurance Ltd. is gauging a new funding round that could esteem the Indian online back up plan at more than $1 billion, as indicated by individuals acquainted with issue.
The Amazon.com Inc.- sponsored startup is hoping to bring about $200 million up in the round, said individuals, who asked not to be distinguished as the data is private. Acko is likewise considering a posting when this year, one individuals said.
The subsidizing round, if fruitful, will make Acko the most recent unicorn in India, where there’s been a blast for the innovation business. In April, the nation printed in any event six new businesses with a valuation of $1 at least billion in seven days’ time.
Acko, established in 2016, is among India’s first computerized guarantors that gives inclusion to vehicles, motorbikes and even taxi travelers just as health care coverage, as per its site. It has in excess of 400 representatives and has offered arrangements to more than 50 million clients. Other than Amazon, the startup likewise checks Accel, Catamaran Ventures and SAIF Partners among its financial backers.
The Bangalore-based startup brought $60 million up in an arrangement D financing round a year ago.
Considerations are continuous and Acko’s most recent raising money plans could in any case change, individuals said. Acko Managing Director Varun Dua declined to remark.
Source: Business World
