Devdiscourse
Development News Edition
Give Feedback
write for Us

Acko Genral Insurance raises USD 65 mn from investors including Flipkart co-founder Binny Bansal


Devdiscourse News Desk new delhi India
Updated: 13-03-2019 21:17 IST
Acko Genral Insurance raises USD 65 mn from investors including Flipkart co-founder Binny Bansal

Founded in 2016, Acko General Insurance claims to be the country's first digital native insurer, offers an intuitive purchase experience, cheaper prices and stress-free claims. The company uses a direct-to-consumer approach for distributing motor insurance, allowing for favourable risk selection and superior underwriting.

Acko General Insurance on Wednesday said it has raised USD 65 million from investors, including Flipkart co-founder Binny Bansal. The round of funding also saw participation from existing investors such as Amazon, Accel, SAIF and TechPro Ventures, the company said in a statement.

Founded in 2016, Acko General Insurance claims to be the country's first digital native insurer, offers an intuitive purchase experience, cheaper prices and stress-free claims. The company uses a direct-to-consumer approach for distributing motor insurance, allowing for favourable risk selection and superior underwriting.

(With inputs from agencies.)

COUNTRY : India

POST A COMMENT