Acko to join wave of tech IPOs with $300-400 million listing plan
Subscribe to enjoy similar stories. MUMBAI : Acko, a digital insurtech platform backed by private equity firms General Atlantic and Multiples Alternate Asset Management, among others, has begun preparations for an initial public offering to raise $300-400 million, according to two people close to the development. “The company is in discussions with bankers, and the talks are still preliminary.
Formal pitches are expected to happen next month (January) with appointments in the subsequent weeks," one of the two people said on the condition of anonymity. “The issue is likely to be a mix of primary capital fundraise and secondary transactions through which some of the earlier investors are expected to offload some stake," the second person said, also on the condition of anonymity, adding the insurer is targeting a listing in 2026-27. Acko did not respond to Mint’s requests for a comment.
If Acko’s plans materialize, it will join an expanding list of startups going public in India. The country's IPO market has seen companies, including new-age platforms such as Meesho, Pine Labs, Groww, Physicswallah, Ather Energy, Bluestone, Urban Company and Lenskart, raise a record $21 billion in 2025 so far, Mint reported earlier. The public markets have also seen other large high-quality issuances such as LG Electronics, Tata Capital, and HDB Financial Services.
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