ACKO, founded in 2016 and headquartered in India, is a tech-driven company reshaping the insurance landscape. Their mission, encapsulated in the slogan, "ACKO is a tech company focused on solving real world problems for consumers: starting with insurance," highlights their commitment to digitizing insurance services.
Catering to over 200 million tech-savvy families in India, ACKO employs a D2C model to offer nearly instant policy services, boasting zero commission and paperwork, and streamlining processes for auto, health, and embedded insurances. Their innovations have led to a remarkable 88% CAGR over four years, and they have already issued around 900 million policies.
Supported by investors such as General Atlantic, Multiples Private Equity, Accel, and Amazon, ACKO has raised over $450 million. They secured their latest Series E round on May 25, 2023, involving Multiples Alternate Asset Management and the Canada Pension Plan Investment Board. Visit their website at www.acko.com for more details.