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Digital insurer Acko moves closer to India IPO

News Snapshot:

The digital insurer, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel, plans to file its DRHP confidentially with SEBI in H2 2026. In FY25 it grew revenue 35% to Rs 2,837 crore and cut net losses by 37%. It has raised over $583 million in total funding. Acko, the Bengaluru-based digital-first general insurer founded by Varun Dua, has formally hired investment banks for its initial public offering. The company has engaged Kotak Mahindra Capital, ICICI Securities, and Morgan Stanley as book-running lead managers. It is seeking to raise as much as $350 million and is targeting a…

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