General Atlantic is in talks to invest about $50 million in Acko, two sources familiar with the matter told TechCrunch, doubling down on its bet on the Indian insurtech at a time when most investors are treading investment opportunities carefully.
The New York-headquartered growth equity investor is positioning to lead a new financing round of about $100 million in the Indian startup, the sources said, requesting anonymity as the details are private. The new round — which is shaping up to be nearly entirely financed by existing backers — is likely to move ahead at a flat valuation of $1.1 billion, one of the sources said. …
