Acko, India’s Digital Insurer, Pursues $350 Million IPO with Bank Partnerships
Indian digital insurer Acko Technology & Services Pvt. has invited pitches from investment banks for a potential initial public offering to raise as much as $350 million, according to people familiar with the matter.
The IPO, which may include a mix of primary shares and secondary sales by existing investors, is likely to be launched in the second half of the year. Sources, who requested anonymity due to the private nature of the information, indicated that Acko is expected to appoint advisers in the coming weeks. However, deliberations are ongoing, and the terms of the potential offering could still change.
Acko has garnered significant backing from notable investors, including General Atlantic Service Co., Canada Pension Plan Investment Board, and Accel Capital. The company specializes in providing online insurance solutions for car, health, and travel, boasting features like zero paperwork, instant renewals, and same-day claim settlements, as highlighted on its website.
The planned IPO is set to contribute to a growing list of offerings in India, as companies are eager to raise funds in a market experiencing a surge in inflows from mutual funds. In 2025, India ranked among the world’s busiest IPO markets, with companies raising approximately 1.95 trillion rupees ($21.6 billion). This figure surpassed the previous year’s record of 1.73 trillion rupees, according to data compiled by Bloomberg.
Photograph: Ceremony bell sits at The National Stock Exchange (NSE) in Mumbai, India, on Tuesday, Oct. 14, 2025. Photo credit: Dhiraj Singh/Bloomberg
Copyright 2026 Bloomberg.
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Indian digital insurer Acko Technology & Services Pvt. has invited pitches from investment banks for a potential initial public offering to raise as much as $350 million, according to people familiar with the matter.
The IPO, which may include a mix of primary shares and secondary sales by existing investors, is likely to be launched in the second half of the year. Sources, who requested anonymity due to the private nature of the information, indicated that Acko is expected to appoint advisers in the coming weeks. However, deliberations are ongoing, and the terms of the potential offering could still change.
Acko has garnered significant backing from notable investors, including General Atlantic Service Co., Canada Pension Plan Investment Board, and Accel Capital. The company specializes in providing online insurance solutions for car, health, and travel, boasting features like zero paperwork, instant renewals, and same-day claim settlements, as highlighted on its website.
The planned IPO is set to contribute to a growing list of offerings in India, as companies are eager to raise funds in a market experiencing a surge in inflows from mutual funds. In 2025, India ranked among the world’s busiest IPO markets, with companies raising approximately 1.95 trillion rupees ($21.6 billion). This figure surpassed the previous year’s record of 1.73 trillion rupees, according to data compiled by Bloomberg.
Photograph: Ceremony bell sits at The National Stock Exchange (NSE) in Mumbai, India, on Tuesday, Oct. 14, 2025. Photo credit: Dhiraj Singh/Bloomberg
Copyright 2026 Bloomberg.
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