Acko

Acko

Technology, Information and Internet

Bangalore, Karnataka 124,872 followers

ACKO is a tech company focused on solving real world problems for consumers: starting with insurance.

About us

ACKO, launched in 2016, is a tech company which is solving real-world problems for customers, starting with insurance. We are India’s first digital-native insurer and have meaningfully redefined the insurance category. As a new-age brand, ACKO has brought the customer into the focus with fair pricing, convenience, and superior customer experience. ACKO was founded by Varun Dua and Ruchi Deepak. Varun is a serial fintech entrepreneur who has had extensive experience in the insurance industry spanning over two decades. Prior to this, he was CEO and Co-Founder of Coverfox Insurance Broking. Ruchi has worked in financial services in Mumbai and London with organizations such as Franklin Templeton and venture capital firm Matrix Partners. ACKO is targeted in its approach and operates in the Auto insurance, Embedded Insurance (bite-sized contextual coverages like mobile insurance), and Health Insurance sectors. As a customer-first company serving the digitally savvy, ACKO’s value proposition of ‘Welcome Change’ highlights the offerings of the company that make insurance simple and hassle-free. With features such as zero commission, zero paperwork, instant renewal, same-day claim settlements, and app-based updates on claims, ACKO is a 'Welcome Change' from traditional insurers. The company has pioneered the D2C model for insurance in India and empowers customers to choose the right product based on their requirements at the best price, at the click of a button with zero paperwork. ACKO has recently raised USD 450+ million to date and are backed by private equity majors such as General Atlantic and Multiples private equity, top venture capitalists such as Accel, Elevation, and Lightspeed Multiples, along with Amazon, Canada’s largest Pension Fund (CPPIB) amongst others. The company has grown at a CAGR of 88% in the last 4 years, served 75+ million customers and has issued ~900 million policies till date. Check our website - www.acko.com to know more about us.

Website
http://www.acko.com
Industry
Technology, Information and Internet
Company size
501-1,000 employees
Headquarters
Bangalore, Karnataka
Type
Privately Held
Founded
2016

Locations

  • Primary

    #36/5, Hustlehub One East, Somasandrapalya, 27th Main Rd, Sector 2, HSR Layout, Bengaluru, Karnataka 560102

    Bangalore, Karnataka 560102, IN

    Get directions
  • 3rd Floor, F wing, Lotus Corporate Park

    Mumbai, Maharashtra 400063, IN

    Get directions

Employees at Acko

Updates

  • View organization page for Acko, graphic

    124,872 followers

    If you’ve ever made a will, you might have felt like you were signing your own death warrant—just like Maddy did. But here’s the thing: Most people avoid making a will, leaving their families in chaos, scrambling to figure out who gets what. So, why leave it to chance? Take control, and make a will. It's the right thing to do. Click the link in the comments to watch #ACKtuallySpeaking, where Varun Dua and Maddy discuss why having a will is crucial.

  • View organization page for Acko, graphic

    124,872 followers

    Have you caught a glimpse of our latest AD campaign featuring the beloved father-daughter duo Saif and Sara Ali Khan? Read the story in ET BrandEquity to get the full picture of how the ad films showcased the stars’ natural father-daughter banter to address some of the prevailing concerns that people deal with, while buying their new car. Link in comments.

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  • View organization page for Acko, graphic

    124,872 followers

    ACKO Drive Service Center is thrilled to team up with Federation of Automobile Dealers Associations for the 6th edition of the Auto Conclave in New Delhi on September 11th. Join us as we dive into the agenda of elevating customer experiences and revitalizing dealer synergies. Let’s drive the future of the auto industry! At ACKO Drive, we’re here to support you every step of the way—from research to buying and maintaining your car. Nitin Chadha Saumitra Raj

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  • View organization page for Acko, graphic

    124,872 followers

    If you're buying a new car or renewing your insurance, there's one term you need to watch out for—IDV or Insured Declared Value. This figure not only influences your insurance premiums but also determines how much you'll receive if your car is totaled. Some might suggest opting for a lower IDV to save on premiums, but this could backfire. If your car is declared a total loss after an accident, you might end up with a disappointing payout—far less than you expected—because you undervalued your car. Want to learn more? Click the link in the comments to watch #ACKtuallySpeaking, where Animesh Das and Maddy break down car insurance terms and what they mean for you.

  • View organization page for Acko, graphic

    124,872 followers

    "Life insurance is one of the largest decisions people take." At ACKO, our focus has always been doing right by the customer and focusing on their protection needs. That's why, even as we step into Life Insurance, we're clear that our focus is on creating a term insurance that is designed with the customer's needs in mind. Read the story in The Economic Times featuring our founder, Varun Dua, to know more about ACKO's foray into the Life Insurance business and the launch of a flexi-term plan that will help policyholders adjust their coverage based on their life stage.

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  • View organization page for Acko, graphic

    124,872 followers

    Nearly 73% of Indians do not have insurance coverage and pay for medical bills out of their own pockets. In fact, at least 30 per cent of India's population, or 40 crore individuals, live devoid of any financial protection for health! As a result, hospitals and the healthcare sector in India have the upper hand when it comes to setting the charges for their services. And unlike the West, Insurance companies can’t step in to negotiate and regulate these outrageous costs. By not having health insurance, you’re not just risking your finances—you’re letting the system keep ripping you off. Ready to protect yourself and push back? Click the link in the comments to watch #ACKtuallySpeaking, where Varun Dua and Maddy break down why you need health insurance now more than ever.

  • View organization page for Acko, graphic

    124,872 followers

    Have you listened to “ChennaiKaaran” yet? ‘Cause the press have - and they’re loving it! Read the article in ADGULLY to know how we launched the song to celebrate Chennai on its 385th Birthday and learn about the insight that went into creating it. Link in comments.

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Funding

Acko 9 total rounds

Last Round

Private equity
See more info on crunchbase