Acko plans IPO of up to $400 mn to join a wave of listings

India’s IPO market saw firms

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and M.S. Dhoni (through his family office), Flipkart co-founder Binny Bansal, and former CaratLane chief executive Mithun Sacheti.

Over the past nine years, the Bengaluru-based unicorn has served more than 78 million customers and issued over a billion insurance policies.

The company, which began with auto insurance in 2016, is also working on integrating the entire process of buying health insurance, from picking a lab for medical testing to interacting with a hospital for claims.