Indian insurtech startup Acko raises funds from Ascent Capital

Indian insurtech startup Acko raises funds from Ascent Capital

Photo: Reuters

Insurance tech startup Acko General Insurance Ltd has raised $16 million in fresh funding from growth capital provider Ascent Capital, according to the company’s filings with the registrar of companies (RoC), sourced from business intelligence platform Paper.vc.

The Mumbai-based insure-tech startup received allotments of “10 equity shares of 10 each at a premium of 2,54,601 each…and 3,682 Series C1 CCPS (compulsory convertible cumulative preference shares) of 2,54,611″ from Ascent Capital, according to the filings.

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