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Acko Genral Insurance raises USD 65 mn from investors

twitter-logo PTI        Last Updated: March 13, 2019  | 20:42 IST

New Delhi, Mar 13 (PTI) 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. PTI DP HRS

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