This story is from May 28, 2018
Amazon leads $12m round in e-insurer Acko
MUMBAI: Amazon is leading a $12-million funding round in online-only insurance startup
The deal pegs Acko’s valuation at about $100 million, people close to the matter said. The company did not confirm the number. TOI was the first to report about Amazon holding talks with Acko for an investment in its January 2 edition. Amazon is expected to co-create financial products with the insurance tech startup, besides being its distributor.
Stay ahead in business with The Times of India. Check out Financial Calculators like SIP, PPF, FD, NPS and Mutual Fund Calculators.
Acko General Insurance
, as the e-commerce major takes a bet on the financial services segment in India. AshishDhawan
, the founder of private equity fund ChrysCapital, has also joined the latest round, along with existing investor N R Narayana Murthy’s Catamaran Ventures.The deal pegs Acko’s valuation at about $100 million, people close to the matter said. The company did not confirm the number. TOI was the first to report about Amazon holding talks with Acko for an investment in its January 2 edition. Amazon is expected to co-create financial products with the insurance tech startup, besides being its distributor.
Varun Dua
step down to kick-start the insurtech platform.Stay ahead in business with The Times of India. Check out Financial Calculators like SIP, PPF, FD, NPS and Mutual Fund Calculators.
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