Digital insurer Acko preps for IPO, eyes $300-400 mn raise

Acko, a digital insurer backed by private equity firms including General Atlantic and Multiples Alternate Asset Management, has begun prepping for an initial public offering (IPO) to raise $300-400 million, according to two people close to the development.

- Priyamvada C & Sneha Shah

Varun Dua, the co-founder of Acko.

"The company is in discussions with bankers, and the talks are still preliminary. Formal pitches are expected to happen next month (January) with appointments in the subsequent weeks," one of the two people said on the condition of anonymity.