Acko General Insurance Limited Share Price Today

Acko General Insurance Limited Unlisted Shares - Company Overview

Acko General Insurance Limited is a private sector general insurance company in India, renowned for its online-led model and digital-first approach to insurance. It was incorporated on November 3, 2016, and is classified as a public limited company, with its headquarters in Bengaluru, Karnataka.

As of December 13, 2024, its authorized share capital is INR 3,500 Cr, and its total paid-up capital is INR 2,796 Cr.

Acko General Insurance has shown significant growth in its operating revenues. For the financial year ending March 31, 2024 (FY24), the company’s operating revenue crossed the INR 2,000 Cr mark, reaching approximately INR 2,106.25 Cr. This reflects a substantial increase from INR 1,758.64 Cr in FY23.

The company was promoted by Shri Varun Dua, who also serves as the Chief Executive Officer. Prior to Acko, Varun Dua co-founded Coverfox, an online insurance aggregator. Acko received its license from the Insurance Regulatory and Development Authority of India (IRDAI) in September 2017.

Acko's core business involves providing general insurance services, with a strong focus on retail products such including motor insurance (car and two-wheeler), health insurance, and travel insurance. The company leverages technology, including AI and data analytics, to simplify the insurance experience, reduce paperwork, and offer personalized pricing and quick claim settlements. Acko has partnered with major digital platforms like Amazon, Ola, and RedBus to expand its reach. In October 2021, Acko achieved unicorn status by raising $255 million in a Series D funding round, bringing its valuation to $1.1 billion. The company aims to achieve profitability by FY27.