Digital insurer Acko moves closer to India IPO

This article was published on April 27, 2026 The digital insurer, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel, plans to file its DRHP confidentially with SEBI in H2 2026. In FY25 it grew revenue 35% to Rs 2,837 crore and cut net losses by 37%. It has raised over $583 million in total funding. Acko, the Bengaluru-based digital-first general insurer founded by Varun Dua, has formally hired investment banks for its initial public offering. The company has engaged Kotak Mahindra Capital, ICICI Securities, and Morgan Stanley as book-running lead managers. It is seeking to raise as much as $350 million and is targeting a valuation of $2 to $2.5 billion, according to people familiar with the matter who spoke to Bloomberg and PTI on condition of anonymity. The IPO is expected to comprise a mix of fresh share issuance and an offer-for-sale component from existing investors. Acko plans to file its draft red herring prospectus with the Securities and Exchange Board of India via the confidential pre-filing route in the second half of 2026, with a listing targeted for the first half of 2027, according to Inc42. Acko received its insurance licence in late 2017 and