Acko, an insurtech startup, is concluding a secondary deal of $100–120 million, in which some of its original investors will sell their shares .
According to the ET, Ashish Dhawan, the founder of the private equity fund Chrys Capital, and Narayana Murthy’s venture capital firm Catamaran Ventures are among the early backers selling their interest.
According to the report’s stated sources, Acko, which was recently valued at $1.4 billion as a result of its most recent fundraising effort, is carrying out the secondary deal at a 5–10% discount.
According to sources, the new investors include Madhusudan Kela of MK Ventures, Mithun Sacheti, the creator of CaratLane, Arpwood Capital, and the family office of the Enam group.
Read More – Xiaomi is currently preparing to include GenAI into its smartphones in India.
