Acko is a 3-year old startup that sells digital-only bite-sized insurance & is already worth almost $500mn after closing a $60mn fundraise. It was already backed by Amazon & now has Munich RE also as an investor. Acko’s MD & CEO Varun Dua says almost every Ola ride is insured by Acko, and nearly every mobile phone sold on Amazon is also insured by Acko.
And this is also how Acko has been able to sell 60mn insurance policies in a short span of 3 years. Its next big focus is bite-sized health insurance for the gig economy, with a large emphasis on accidental covers. How did it get so big, so fast? Watch Acko’s Varun Dua’s interview to ET Now’s Nayantara Rai on StartUpCentral