Digital insurer ACKO has joined the unicorn club raising $255 million in a Series D round.
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The round led by General Atlantic and Multiples Private Equity has valued the fintech startup at $1.1 billion.
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The transaction is subject to approval by theΒ insurance regulator, IRDAI.
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The total funds raised by ACKO now stand at $450 million.
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It had earlier raised capital from Amazon, Accel, and Flipkartβs co-founder Binny Bansal, among others.
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ACKO sells bite-sized insurance products in partnership with Amazon, Ola, redBus etc.
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ACKO also covers nearly 1 mn gig workers through partnerships with Zomato, Swiggy and others.
