Tag: Acko

Ex-Amazon techie Gaurav Gupta joins ACKO as VP of Engineering

InsurTech company ACKO has onboarded Gaurav Gupta as the Vice President of Engineering. “We welcome Gaurav onboard as ACKO’s Vice President of Engineering. In his role, Gaurav will be integral to the Product Engineering Team, primarily responsible for taking charge of technical challenges to scale and improve the infrastructure, data platform and analytics. I am…

Amol Wanjari appointed SVP, Engineering at ACKO

ACKO announced the appointment of Amol Wanjari as Senior Vice President of Engineering. Speaking on Amol’s appointment, Ruchi Deepak, Co-Founder, ACKO, said, “I am thrilled to welcome Amol to team ACKO! His robust customer-focused tech experience will greatly contribute to our scaling technology platform. Purple Quarter has once again proved their mettle in finding us…

Bengaluru-based ACKO raises $60mn funding led by Munich Re Ventures

ACKO, a Bengaluru-based insurtech company which makes buying and using insurance effortlessly, announced it has raised $60 million in a funding round led by Munich Re Ventures. Existing investors Amazon, RPS Ventures, and Intact Ventures Inc, which is the corporate venture arm of Canada’s largest property and casualty insurer, also participated in the funding round. …

Acko invests $1.2 mn in doorstep car servicing startup Pitstop

Acko, India’s fastest-growing InsurTech company which specialises in auto insurance, announced that it has invested $1.2 million in Pitstop, a Bengaluru-based car service and repair platform. Acko’s investment is in line with the  company’s strategy to improve customer engagement and smoothen the claim settlement process. As per ETtech report, Acko cofounder Ruchi Deepak said that…

Coverfox CTO and CEO resign amid uncertain future

Insurance aggregator Coverfox is a boat floating in hot waters. The firm’s Co-founder and Chief Technology Officer Devendra Rane had resigned from his position a month ago and now the company’s Chief Executive Officer Premanshu Singh has resigned due to uncertainty about the company’s future. According to a report by Entrackr, the company’s executives had…

Acko raises $16 mn from Ascent Capital

Acko, a private sector general insurance company, has raised fresh funding of $16 million from growth stage investment firm Ascent Capital. A few media reports suggest that the Binny Bansal, ex-CEO and founder of Flipkart, may have invested around $20 million in Acko. The company was founded by Varun Dua in 2016. Last year, Acko…