By admin 
Indian insurtech unicorn Acko is reportedly stepping up preparations for a potential initial public offering (IPO), targeting a fundraise of $300 million to $400 million through a public listing likely between 2026 and 2027.Prominent individual backers include former India cricket captain M.S. Dhoni and Flipkart co-founder Binny Bansal.
The IPO push comes amid a strong phase for India’s primary markets. In 2025 alone, new-age companies such as Meesho, Pine Labs, Groww, Physicswallah, Ather Energy, Bluestone, Urban Company and Lenskart together raised about $4 billion through public issues.More than 30 companies have already received regulatory approvals for upcoming listings, pointing to a crowded IPO pipeline.
Acko began operations with motor insurance and has since expanded across product categories. The company is now strengthening its health insurance business, working towards an integrated offering that spans medical testing, policy issuance and claims processing.Acko has also built a sizeable presence in embedded insurance, partnering with more than 50 companies across mobility, gadgets and financial services, including redBus, Zomato, HDB Financial Services and Urban Company. It also runs a large group health insurance business for corporate clients.
According to the company, Acko has served more than 78 million customers and issued over a billion insurance policies since inception.In FY2024-25, it narrowed its consolidated net loss to Rs 424 crore from Rs 667 crore a year earlier, while operating revenue rose to Rs 2,836 crore from Rs 2,106 crore in FY2023-24. The broader Indian insurance market is projected to reach $222 billion by 2025-26, driven by a compound annual growth rate of about 17% over the past two decades, according to India Brand Equity Foundation data.
About Acko
Acko has been founded in 2016 by Varun Dua and Ruchi Deepak. The company has raised more than $450 million over the past nine years. It revolutionizing insurance with tech-driven, paperless, and personalized policies for health, auto, bike, and travel, focusing on ease, speed, and customer-centricity through its D2C model with embedded offers and strong partnerships, serving millions digitally.