Digital insurance firm Acko Technology & Services Pvt. Ltd. is set to file draft papers for an initial public offering (IPO) worth $300 million by September, aiming for a valuation of $2 billion, according to livemint.com. The IPO will include a fresh issue of shares alongside an offer for sale by existing investors.
The company’s IPO filing process is expected to begin with the submission of draft papers to market regulators by September. The offering will combine new shares issued by Acko and shares sold by current investors, allowing the company to raise fresh capital while providing liquidity to early backers. Varun Dua, co-founder and CEO of Acko, is leading the company through this transition.
This IPO move places Acko among the growing number of Indian digital insurers seeking public market funding to expand their reach and product offerings. The $2 billion valuation target reflects the rising investor interest in insurtech startups, which have been attracting significant capital amid increasing digitization of insurance services. Comparable IPOs in the sector have underscored the appetite for tech-driven insurance platforms.
Acko’s planned IPO filing by September marks a key milestone in its growth trajectory, positioning the company to tap public markets for expansion capital. The company’s valuation and share offering details will become clearer once the draft papers are submitted and reviewed by regulators.