Acko is gearing up for its public market debut, with plans to file confidential papers for an initial public offering (IPO) to raise around $250 million, according to people familiar with the development.
The IPO is expected to value the Bengaluru-based insurtech firm at approximately $2 billion to $2.5 billion, marking a significant step in its growth journey as it looks to tap public markets.
Unlike traditional IPO filings, Acko is likely to opt for a confidential filing route, allowing it to submit draft papers privately before making details public. This approach gives companies greater flexibility in timing their listing and refining disclosures based on market conditions.
The offering is expected to include a mix of fresh issue of shares and an offer-for-sale (OFS) by existing investors, a structure commonly adopted by new-age tech companies heading to the public markets.
Founded in 2016 by Varun Dua, Acko has positioned itself as a digital-first insurer, operating on a direct-to-consumer (D2C) model that eliminates intermediaries and simplifies the insurance-buying process. The company has raised over $583 million in funding from prominent investors including General Atlantic, Accel, Elevation Capital, Multiples PE, and Canada Pension Plan Investment Board.
Over the years, Acko has expanded beyond motor insurance into health, travel, and embedded insurance products, often integrating its offerings with digital platforms to reach users at the point of need.
Ahead of its IPO plans, Acko has been focusing on improving its financial metrics. The company reported a 35% increase in operating revenue to ₹2,836.8 crore in FY25, while narrowing its losses significantly.
