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Sep 6, 2017 · Why investors gave Varun Dua $30 million even before he launched his startup. By. Anu Thomas. , ET Online Last Updated: Sep 06, 2017, 03:28:00 PM IST. 1. Synopsis. Acko founder believes he can offer faster, cheaper and more personalised insurance policies by combining his knowledge of finance and data analytics. ET Online.
- Varun Dua - Early Life and Education
- Varun Dua - Career
- Varun Dua - Acko
- Varun Dua - Challenges Faced
- Varun Dua - Shark Tank India
- FAQs
Acko's Founder and Chief Executive Officer, Varun Dua, has over 10+ years of experience in the insurance market, with a wide spectrum of services and responsibilities. He was in charge of marketing analytics for direct business acquisition and technology for effective customer service. Coverfox Insurance Broking Pvt. Ltd. was his company, and he wa...
Varun Dua, the founder of Coverfox, an online insurance aggregation platform, followed the road less traveled in a startup climate where the mantra is "act rapidly and damage things." Varun worked as a Trainee at Leo Burnett Advertising for less than a year after graduating. He subsequently went on to work for TataAIG Life Insurance and Franklin Te...
Acko's overall motto, according to its website, is "Insurance made easy: Zero commission. Zero paperwork." Acko ran a campaign with the phrase "Full Paisa Wasool" to make people aware. The term "complete value for money" refers to insurance providing complete value. Insurance schemes are how Acko makes money. Furthermore, Acko's digital-only approa...
A basic challenge with his journey in the insurance sector, according to Dua, has been a lack of trust, which has created a big obstacle in his way in the beginning. Because of the complexities of the products on the market, the buying procedure, and the claiming process, the trust gap is exacerbated. Customers have always found the insurance claim...
In more ways than one, the first season of the show, Shark Tank Indiahas been a blessing to ambitious entrepreneurs in India. For watchers, it has been a huge hit! For openers, the show has brought those entrepreneurs a lot of attention, if not money. The exposure, along with lucrative investments from the sharks, has paid off for some chosen ones....
Who is the owner of Acko Insurance?
Varun Dua is the founder and CEO of Acko Insurance.
From where did Varun Dua graduate?
Varun Dua Mudra Institute of Communications (MICA), Ahmedabad.
Is ACKO profitable?
In the fiscal year ending March 31, 2023, Acko's net loss climbed by more than 1.5X. They lost INR 738.5 Cr in the fiscal year 2022-23 (FY23), a 53% increase from INR 482.3 Cr in FY22 due to an increase in expenses.
- 1981
- Indian
Apr 19, 2024 · Varun founded ACKO Insurance as he had the complete knowledge about the insurance products and digital medium was the best option for him as there was hassle free paperwork with best results. His previous records were very good so he managed to raise $ 30 million from investors for the ACKO project. Varun Dua Net Worth and Investments
Dec 16, 2023 · Due to his previous records, Varun raised $30 million from investors for Acko. Value of Acko Insurance As per Livemint report of October 2021, Acko became India's 34th startup to become a unicorn, with a valuation of $1 billion and above.
Dec 17, 2023 · $30 Million Investment. Before Acko in 2016, Varun founded CoverFox, a prominent online insurance aggregator. Building on his success, Varun raised $30 million in funding for Acko.
Even before Acko launched in May 2017, Varun was able to get a $30 million investment with the assistance of some investors from Coverfox. Dua obtained the Acko licenses in October 2017 and launched its first product in February 2018.
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How did Varun get a $30 million investment?
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May 23, 2017 · Mumbai-based fintech startup Acko General Insurance has secured $30 Mn in Seed round. Acko was founded in 2017 by Coverfox co-founder Varun Dua.
