Startup Profile
Acko
Legal entity: Acko General Insurance Limited
India's digital-first direct-to-consumer insurance company
Funding raised
₹3735.00 Cr
Total disclosed
Latest valuation
₹12450.00 Cr
Most recent round
Latest revenue
₹1758.64 Cr
FY FY23
Employees
—
FY FY23
Founders
- Varun Dua
Founder and CEO of Acko. A serial fintech and insurance entrepreneur who previously co-founded the insurance comparison platform Coverfox before starting Acko in 2016.
- Ruchi Deepak
Co-founder of Acko, established alongside Varun Dua in 2016. Serves in a founder and board role.
Funding rounds
- Late stage (reported in talks)2023-03-28₹996.00 CrLed by General Atlantic
- Series D2021-10-27₹2116.50 CrLed by General Atlantic and Multiples Private Equity
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY23 | ₹1758.64 Cr | (₹738.55 Cr) | — |
| FY24 | ₹2106.25 Cr | (₹669.98 Cr) | — |
| FY25 | ₹2836.80 Cr | (₹424.40 Cr) | — |
The full story
Rich-text rendering of long_story is wired in the design pass.
Timeline
- 2025FY25 loss narrows by about 37 percent — FY25 operating revenue grew about 35 percent to roughly 2,837 crore rupees while net loss fell about 37 percent to around 424 crore rupees.
- 2024-10Operating revenue crosses 2,000 crore rupees in FY24 — Acko's FY24 operating revenue rose about 20 percent to 2,106 crore rupees while net loss narrowed about 9 percent to 670 crore rupees.
- 2023-03-28Reported round at 1.5 billion dollar valuation — General Atlantic reported to be in talks to lead a roughly 120 million dollar round valuing Acko at about 1.5 billion dollars.
- 2021-10-27Series D round and unicorn status — Raised 255 million dollars led by General Atlantic and Multiples at a 1.1 billion dollar valuation, becoming India's 34th unicorn of 2021 and its second insurtech unicorn.
- 2017-09IRDAI license granted — Acko receives its general insurance license from the Insurance Regulatory and Development Authority of India and begins operations.
- 2016-11Acko founded — Varun Dua and Ruchi Deepak found Acko as one of India's first fully digital direct-to-consumer insurance companies.
Data sources
- seed-list + Wikidata↗ · last fetched 2026-05-28
- Wikidata↗ · last fetched 2026-05-28
- favicon↗ · last fetched 2026-05-31
- Wikipedia↗ · last fetched 2026-06-01
- General Atlantic (press release)↗ · last fetched 2026-06-01
- TechCrunch (Series D / unicorn)↗ · last fetched 2026-06-01
- TechCrunch (2023 reported round)↗ · last fetched 2026-06-01
- Entrackr (FY24 financials)↗ · last fetched 2026-06-01
- Inc42 (FY24 revenue)↗ · last fetched 2026-06-01
- Inc42 (FY25 financials)↗ · last fetched 2026-06-01