Acko, a Bengaluru-based digital-first general insurer, has hired Kotak Mahindra Capital, ICICI Securities, and Morgan Stanley to manage its IPO. The company aims to raise up to $350 million at a $2–$2.5 billion valuation, with a confidential DRHP filing planned for H2 2026 and a listing targeted for H1 2027. In FY25, Acko grew revenue 35% to approximately $340 million and cut net losses by 37%, though it remains unprofitable. Backed by General Atlantic, CPPIB, and Accel with over $583 million raised, Acko differentiates itself through a direct-to-consumer model and embedded partnerships with platforms like Amazon India and Ola, bypassing traditional agent networks.
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