According to reports from Reuters, Acko Insurance is targeting a valuation of $2 billion to $2.5 billion in its planned initial public offering and is eyeing a listing in early 2027. The insurer could seek to raise funds in the range of $300 million to $500 million, as reported by sources familiar with the matter. The company is expected to confidentially file its draft IPO papers with India's markets regulator in the next two to three months, allowing it to submit draft papers to SEBI for feedback without making the details public.
As reported by Reuters, Acko Insurance is backed by investors including General Atlantic, Accel, Amazon.com and the Canada Pension Plan Investment Board (CPPIB). The insurer has appointed Morgan Stanley, ICICI Securities and Kotak Mahindra Capital as the bankers to manage the proposed listing. The offer is expected to be a mix of fresh shares and secondary sales by existing investors, according to sources requesting anonymity as they are not authorized to talk to media.
According to Reuters, Acko Insurance was founded in 2016 and has focused on digitising insurance purchase, relying on partnerships with online platforms and mobility companies to scale. The company provides insurance products including motor, health and travel insurance. India's insurance penetration, as measured by total insurance premium underwritten in a year, stood at about 3.7% of GDP in 2024, well below global averages, leaving room for growth in the sector.
As reported by Reuters, India was the world's second-largest IPO market in 2025 but sentiment towards IPOs has weakened this year amid the conflict in the Middle East. However, big-ticket IPOs such as Jio Platforms and National Stock Exchange are in the offing this year. The confidential route allows companies to submit draft IPO papers to SEBI for feedback without making the details public, giving them greater flexibility on timing and disclosure.
