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.
Earlier, the company raised its largest seed rounds of $30 million. Founded by Varun Dua in 2016, Acko completed 12 months of operations and distributed over 20 million insurance policies to customers.