ACKO FUNDING

Pivot Robots will use the funds for team expansion, particularly in the areas of motion planning and computer vision. Siddharth Girdhar, cofounder of the company told ET, the funding will facilitate team growth, especially in motion planning and com...

Happy Wednesday! Omnichannel jewellery startup Bluestone is nearing unicorn status with a potential $100-million pre-IPO investment. More on this in today’s ETtech Morning Dispatch.

Mygate app, in partnership with Acko General Insurance, received an aggregator licence from IRDAI to distribute insurance policies, offering exclusive pricing and expanding product range.

The fund’s portfolio includes investments across industries like consumer brands, healthcare and financial services; it has invested in brands such as Acko, Cashify, Fitterfly, Axio and M1xchange.

This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.

Backing of a large local investor, considerable net worth of promoter and founder are among key requirements laid down by the sector regulator.

Three State Ventures is the investment vehicle of Binny Bansal, which is sponsored through his personal capital. The filings reveal the investment was made in stages over the past few months, with the most recent injection occurring in February.

Insurtech firms such as Bengaluru-based Onsurity and Pune-based Loop Health help employers offer group health policies to their employees and run a platform to offer employee wellness services, too. They want to capitalise on the Insurance Regulator...

After an expected spurt during the festive season, ecommerce sales saw a larger-than-usual dip in December. This and more in today’s ETtech Morning Dispatch.

Amidst a funding winter, when startups are having to go the extra mile to justify every dollar of their valuation, InsuranceDekho stood out.

Under new chairman Debasish Panda, the regulator is engaging with the industry more than ever and looking to get the sector charged up.

Acko has hired Amit Tiwari, an ex-Amazon India executive, to lead its life insurance business. One of the sources told ET that Acko is yet to get a formal nod from the insurance regulator IRDAI regarding Tiwari’s appointment.

The Competition Commission of India (CCI) has approved the acquisition of additional Series E compulsorily convertible preference shares of Acko Technology & Services by Multiples Private Equity Fund III and CPP Investment Board Pvt Holdings (4). Ac...

Zomato’s chief financial officer Akshant Goyal said while there is no ‘big decision’ right now related to their foray into the at-home services industry, they are exploring their options.

Acko is close to raising a fresh funding round of $150 million led by its existing investors valuing it at $1.5 billion, according to people in the know.

CPP’s investments spread across sectors and include its $333 million exposure towards Sequoia’s tech-focused India fund, while many other investments were co-investments, according to its presentation.

General insurance startup Acko became the 32nd startup unicorn of 2021 after it picked up $255 million in funding led by General Atlantic and Multiples Private Equity.

Acko, which is the newest Indian unicorn, was last valued at around $400 million last year.

The Digit Insurance funding comes at a time when rival insurtech startup Acko is said to be in advanced talks to raise $200 million to become a unicorn, thus underscoring the heightened investor interest in India’s insurtech space.