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Amazon-backed insurtech Acko joins unicorn club with $255 million funding


Insurance policy provider Acko is the latest Indian startup to become a unicorn, joining nearly three dozen other firms in the world’s second-largest internet market that have attainted the coveted status this year.
The Bangalore-headquartered startup said it has raised $255 million in a new financing round, bringing its all-time raise to $450 million. The new financing round, which is subject to approval from the country’s insurance regulator, was led by General Atlantic and Multiples Private Equity.
CPPIB, Canada’s largest pension fund and Lightspeed Growth as well as existing investors Intact Ventures and Munich Re Ventures also participated in the round, which values the five-year-old startup a …

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