Munich Re Ventures leads $60m funding in Indian insurtech startup Acko

Photo: Reuters

Insurance tech startup Acko General Insurance Ltd announced Wednesday that it has raised $60 million in a fresh round of funding led by Munich Re Ventures, Munich Reinsurance’s investment arm.

The financing also saw participation of existing investors including Amazon, RPS Ventures and Intact Ventures Inc., the corporate venture arm of Canada’s largest property and casualty insurer, Acko said in a statement.

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