●What is the news ?
▪Acko General Insurance looking for funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter.
▪The funding round, if successful, will make Acko the latest unicorn in India, where there’s been a boom for the technology industry.
●Things to know more
▪Acko is among India’s first digital insurers that provides coverage for cars, motorbikes and even taxi passengers as well as health insurance, according to its website. It has more than 400 employees and has sold policies to over 50 million customers.
▪The Bangalore-based startup raised $60 million in a series D financing round last year.