Acko Technology & Services Invites Banks for Potential $350 Million IPO
Acko Technology & Services Pvt. has invited investment banks to pitch for its potential $350 million IPO, planned for the second half of 2025. The digital insurer, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel Capital, offers online car, health, and travel insurance with digital-first features. This IPO adds to India's record-breaking public offering activity, with 2025 fundraising reaching ₹1.95 trillion, surpassing the previous year's ₹1.73 trillion milestone.
*this image is generated using AI for illustrative purposes only.
Digital insurance company Acko Technology & Services Pvt. has begun preparations for a potential initial public offering by inviting investment banks to submit pitches for raising up to $350 million. The company is expected to appoint financial advisers in the coming weeks as it moves forward with the IPO planning process.
IPO Structure and Timeline
The proposed public offering may include a combination of primary shares and secondary sales by existing investors. According to sources familiar with the matter, the IPO launch is targeted for the second half of 2025. However, deliberations remain ongoing, and the terms of the potential offering could still undergo changes.
| Parameter: | Details |
|---|---|
| Fundraising Target: | Up to $350 million |
| Structure: | Primary shares and secondary sales |
| Expected Timeline: | Second half of 2025 |
| Current Status: | Inviting bank pitches |
Company Profile and Backing
Acko operates as a digital-first insurance provider with a strong investor base that includes General Atlantic Service Co., Canada Pension Plan Investment Board, and Accel Capital. The company has positioned itself in the online insurance segment, offering coverage across multiple categories.
The company's service offerings include:
- Car insurance with digital processing
- Health insurance products
- Travel insurance coverage
- Zero paperwork processes
- Instant policy renewals
- Same-day claim settlements
Market Context
Acko's planned IPO contributes to India's exceptionally active public offering market. The Indian IPO landscape has demonstrated remarkable growth, with companies successfully raising substantial capital through public listings.
| Metric: | 2025 | Previous Year | Growth |
|---|---|---|---|
| Total IPO Fundraising: | ₹1.95 trillion | ₹1.73 trillion | Record-breaking |
| USD Equivalent: | $21.60 billion | - | - |
| Market Ranking: | Among world's busiest | - | - |
The surge in IPO activity reflects strong investor appetite and robust inflows from mutual funds into the Indian market. India has established itself among the world's busiest IPO markets, with 2025 fundraising exceeding the previous year's record performance.
Strategic Positioning
As a technology-driven insurance provider, Acko has built its business model around digital convenience and streamlined processes. The company's approach to insurance delivery emphasizes quick processing times and reduced administrative complexity, positioning it within the growing insurtech segment of the Indian financial services market.
19
