ACKO Prepares for Big Move to Go Public with IPO Plan

Acko, one of India’s most talked about insurtech companies, is preparing to go public by launching an initial public offering (IPO) that could raise between $300 million and $400 million. The Bengaluru-based firm is in early talks with investment bankers and aims to list on public markets around 2026 or 2027.

The planned IPO is part of the digital insurer’s strategy to expand its business and fuel growth by offering a wide range of insurance products.  Sources mention that the leaders at Acko are already in talks with bankers to make the IPO plan a reality soon. If all goes well and the company is able to go public as expected, it will be one of the few insurtech startups that are publicly listed in the Indian stock markets.

Acko began life in 2016 and quickly became a well-known name in digital insurance. It first made its mark by offering simple insurance products for vehicles and other everyday needs. Over the years, it has expanded to serve millions of customers, helping them buy solutions like two wheeler insurance and car insurance online through a fully digital process.

The company’s platform lets users compare insurance options, manage policies, and file claims all through its app or website. This easy and fast way to get coverage has helped it grow rapidly. In the last nine years, Acko says it has issued more than one billion insurance policies and served over 78 million customers across India.

Investors Look for Chance to Scale

Acko is backed by several global and Indian investors, including well-known groups like General Atlantic, Multiples Alternate Asset Management, Amazon, Accel, Elevation Capital, Munich Re Ventures, Catamaran Ventures, and others. It is also backed by high-profile individuals such as former Indian cricket captain M.S. Dhoni and Flipkart co-founder Binny Bansal.

The planned IPO is expected to include a combination of primary and secondary share sales. In simple terms, this means that Acko could raise fresh funds for expansion while giving some early backers the chance to sell part of their stake. This kind of structure is often used by startups preparing to list publicly, as it helps ensure both growth and liquidity for investors.

The Indian startup ecosystem has seen a surge in IPO activity in recent years. Several fast-growing companies have already listed on stock exchanges or are preparing to do so. This trend reflects a growing confidence in India’s financial markets and strong demand from investors for quality tech-based businesses.

Growth Beyond Motor Insurance

Although Acko first became known for motor insurance, it has steadily expanded into other types of coverage. The company now offers a range of insurance products that include health, gadget, travel, and group policies for corporate clients. It has also built a presence in what is known as embedded insurance, where insurance products are offered directly within other services such as travel booking, ride-hailing, or financial apps.

Partnerships have played an important role in Acko’s expansion. The company has partnered with over 50 companies, including major names such as redBus, Zomato, and Urban Company, to integrate insurance options into everyday digital experiences. These partnerships help Acko reach new customers at the point of need, making it easier for users to buy insurance when they need it.

Acko has also been focusing on its health insurance business. The company is working to build a more complete offering that includes not just policies but support for medical testing, policy issuance, and claim services. This reflects a broader trend in the market where customers are looking for simple, digital ways to manage many parts of their financial protection in one place.

Financial Performance and Future Prospects

Financially, Acko has shown signs of progress. In fiscal year 2024–25, the company narrowed its losses compared to the previous year, despite revenue growth. This type of trend is often closely watched by investors, especially those considering a public market debut. 

Industry experts note that the broader Indian insurance market is continuing to grow as awareness and demand for coverage increase among consumers. Reports suggest the market could reach significant size over the next few years, driven by factors such as higher income levels, increasing healthcare costs, and greater access to digital services.

This growing demand for insurance, including products like two-wheeler insurance for bike owners and the option to buy car insurance online without paperwork, supports Acko’s strategy to expand further. The company’s success with digital platforms may help it continue to attract customers as more people choose convenient online solutions.

For now, the focus is on preparing for the public listing and finalising plans with bankers and regulators. If all goes as planned, Acko’s IPO could be one of the key events in India’s financial markets over the next couple of years. Investors, customers, and industry observers will be closely following the company’s progress as it approaches this significant milestone.