Acko Plans $300 Million IPO, Seeks $2 Billion Valuation

Digital insurer Acko is preparing to file draft papers for an initial public offering (IPO) by September 2026 through SEBI’s confidential pre-filing route, according to reports citing people familiar with the matter. The Bengaluru-based insurtech firm is aiming to raise around $300 million (approximately ₹2,570 crore) and is seeking a valuation of about $2 billion, with some reports suggesting the valuation could be as high as $2.5 billion depending on market conditions.

The IPO is expected to comprise a combination of fresh equity issuance and an offer-for-sale (OFS) by existing shareholders. Acko is reportedly targeting a stock market debut in early 2027 after regulatory approvals.

Morgan Stanley, ICICI Securities And Kotak Appointed

Acko has appointed Morgan Stanley, ICICI Securities, and Kotak Mahindra Capital as book-running lead managers for the proposed public issue. The company is expected to submit its draft red herring prospectus (DRHP) within the next few months under the confidential filing mechanism, which allows firms to receive regulatory feedback before publicly disclosing offer details.

The planned valuation shows a major jump from Acko’s last reported valuation of around $1.4 billion, reflecting investor confidence in India's growing digital insurance market.

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Backed By Global Investors

Founded in 2016, Acko operates across motor, health and travel insurance segments and has built a digital-first insurance platform through partnerships with online and mobility companies. The company counts General Atlantic, Accel, Amazon and Canada Pension Plan Investment Board (CPPIB) among its key investors.

Acko IPO comes at a time when the Indian insurance sector remains underpenetrated. Insurance premiums made up just 3.7% of India's GDP in 2024. Even as IPO activity remains somewhat subdued in 2026, Acko banks on growing demand for digital insurance products.

Sources:

Livemint

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Reuters