About ACKO
ACKO is a company based in Bengaluru (India) founded in 2016 by Ruchi Deepak and Varun Dua.. ACKO has raised $597.7 million across 11 funding rounds from investors including Amazon, Accel and Lightspeed Venture Partners. The company has 461 employees as of April 07, 2024. ACKO has completed 3 acquisitions, including One Care, Parentlane and vLer. ACKO offers products and services including Health Insurance and Car Insurance.
- Headquarter Bengaluru, India
- Employees 461 as on 07 Apr, 2024
- Founders Ruchi Deepak, Varun Dua
- Stage Unicorn
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Acko Technology & Services Private Limited
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$216.04 M (USD)32.87as on Mar 31, 2023
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Net Profit
$-88.8 M (USD)-53.11as on Mar 31, 2023
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EBITDA
$-92.2 M (USD)-58.22as on Mar 31, 2023
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Total Equity Funding
$597.7 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Amazon
& 37 more
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Employee Count
461
as on Apr 07, 2024
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Investments & Acquisitions
One Care
& 2 more
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Products & Services of ACKO
ACKO offers a comprehensive portfolio of products and services, including Health Insurance and Car Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Health insurance is provided for individuals, families, and senior citizens, covering various plans and cashless options.
Car insurance is offered, including comprehensive, third-party, and zero depreciation coverage for new and used vehicles.
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Software Development Team
47 people
Leadership Team
29 people
Product Management Team
11 people
Finance and Accounting
10 people
Human Resources and Administration
10 people
Senior Team
9 people
Operations Team
9 people
DGM Team
6 people
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Funding Insights of ACKO
ACKO has successfully raised a total of $597.7M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
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First Round
First Round
(11 Nov 2016)
- Investors Count 38
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series E - ACKO | Valuation | Midas Deals |
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| May, 2023 | Amount | Series E - ACKO | Valuation | Multiples Alternate Asset Management , CPP Investments | |
| Oct, 2021 | Amount | Series D - ACKO | Valuation | Intact Ventures , General Atlantic |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ACKO
ACKO has secured backing from 38 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amazon, Accel and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment partnerships, entrepreneur support, and profit-focused services in finance.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ACKO
ACKO has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include One Care, Parentlane and vLer. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Lifestyle care programs for chronic conditions like diabetes are provided.
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2021 | ||||
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AI powered personalised digital health platform for maternity and child health
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2016 | ||||
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Rich online listings for new passenger vehicles are provided.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ACKO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Acko Comparisons
Competitors of ACKO
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Acko
Frequently Asked Questions about ACKO
When was ACKO founded?
ACKO was founded in 2016.
Where is ACKO located?
ACKO is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of ACKO?
Varun Dua is the current CEO of ACKO. They have also founded this company.
Is ACKO a funded company?
ACKO is a funded company, having raised a total of $597.7M across 11 funding rounds to date. The company's 1st funding round was a Series D of $255M, raised on Nov 11, 2016.
How many employees does ACKO have?
As of Apr 07, 2024, the latest employee count at ACKO is 461.
What is the annual revenue of ACKO?
Annual revenue of ACKO is $216.04M as on Mar 31, 2023.
What does ACKO do?
Founded in 2016 and based in Bengaluru, India, operations are conducted in the insurance sector. Various products are provided, including comprehensive and third-party coverage for cars and bikes. Health plans cover individuals, families, and seniors, while travel insurance extends to international trips. Life insurance options include term plans and critical illness coverage, supplemented by riders for accidental death and disability.
What products or services does ACKO offer?
ACKO offers Health Insurance and Car Insurance.
How many acquisitions has ACKO made?
ACKO has made 3 acquisitions, including One Care, Parentlane, and vLer.
Who are ACKO's investors?
ACKO has 38 investors. Key investors include Amazon, Accel, Lightspeed Venture Partners, Intact Ventures, and Swiss Re.
What is ACKO's valuation?
The valuation of ACKO is $1.42B as of May 2023.