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Amazon leads $12M investment in India-based digital insurance startup Acko
2018-05-27T12:00:03Z - Jon Russell / TechCrunch
Amazon appears to be restarting its funding efforts in India after Acko, the digital insurance startup in India, confirmed that the U.S. retail giant led a new round of funding for its business. Acko was founded in late 2016 by Varun Dua, one of the co-founders of insurance comparison site Coverfox. It’s that latter focus that appeals to Amazon via this deal, which Dua told TechCrunch came about after Acko began talking to Amazon as a potential insurance partner. “We’re a new age insurance company and [Amazon] believes it can create value. Working with regulatorsPart of the current focus is bringing a new online approach to traditional insurance, whilst also figuring out new types of cover that apply to today’s digital age.

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