Acko Targets $2.5 Billion Valuation in Planned $350 Million India IPO

Acko Technology & Services Pvt., a prominent player in India's digital insurance landscape, is preparing for an initial public offering (IPO) that could raise as much as $350 million. The move signals the company's intent to transition from a private, venture-backed entity to a publicly traded corporation. The company, which is backed by global investment firm General Atlantic, has officially engaged a consortium of advisers to lead the process. The appointed banks include Morgan Stanley, ICICI Securities Ltd., and Kotak Mahindra Capital Co. Sources familiar with the matter indicate that Acko is seeking a valuation of up to $2.5 billion. This valuation reflects the growth of the digital-first insurance model in the Indian market, where tech-driven distribution is challenging traditional brokerage models. The listing would provide a liquidity event for early investors and provide Acko with the capital necessary to scale its operations and expand its product offerings. Market participants will be monitoring the final pricing closely, as it will serve as a benchmark for other insurtech firms seeking public exits in the region.