Amazon leads $12M investment in India-based digital insurance startup Acko

Amazon leads $12M investment in India-based digital insurance startup Acko

7 years ago
Anonymous $CLwNLde341

https://techcrunch.com/2018/05/27/amazon-acko-12-million-investment/

Amazon appears to be restarting its funding efforts in India after Acko, the digital insurance startup in India, confirmed that the U.S. retail giant led a new round of funding for its business.

Amazon — which has been linked with an Acko investment since the start of this year — backed lending startup Capital Float last month, and now it has led a $12 million funding round for Acko alongside Ashish Dhawan, the founder of PE firm ChrysCapital, and existing backer Catamaran Ventures. The deal takes Acko to $42 million raised to date.