"Acko has engaged Kotak Mahindra Capital, ICICI Securities, and Morgan Stanley as book-running lead managers for its initial public offering, seeking to raise as much as $350 million."
"In FY25, Acko reported revenue of Rs 2,837 crore, a 35% increase over the previous fiscal year, significantly above the sub-10% growth recorded by India's broader insurance sector."
"Acko built a direct-to-consumer model from the outset, eliminating the distribution layer and selling motor, health, and travel insurance exclusively through its own digital channels."
"The IPO is expected to comprise a mix of fresh share issuance and an offer-for-sale component from existing investors, with a listing targeted for the first half of 2027."
Acko, a digital insurer, aims to confidentially file its draft red herring prospectus with SEBI in H2 2026, targeting a $350 million IPO. The company reported a 35% revenue growth to Rs 2,837 crore in FY25 and reduced net losses by 37%. Acko operates a direct-to-consumer model, selling insurance through digital channels and partnerships with platforms like Amazon India and Ola. The IPO will include fresh share issuance and an offer-for-sale from existing investors, with a listing anticipated in H1 2027.
Read at TNW | Business
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