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Acko claims to raise $65M from investors including Flipkart


Devdiscourse News Desk new delhi India
Updated: 14-03-2019 00:39 IST
Acko claims to raise $65M from investors including Flipkart

Image Credit: Pixabay

Acko 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

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