Acko’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: ACKO GENERAL INSURANCE LIMITED | CIN: U66000MH2016PLC287385
Introduction
ACKO Insurance, founded in 2016 by Varun Dua, is a leading digital-first general insurance provider in India headquartered in Bengaluru. Licensed by IRDAI in 2017, ACKO offers motor, health, and other insurance products via an online-led model, leveraging technology for underwriting, claims, and customer experience. The company has raised funding to build scalable tech platforms and expand distribution, focusing on cost efficiency and innovation to drive growth and move toward profitability.
Company Snapshot & Financials FY24
| Founding year | 2016 |
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| Headquarters | Bengaluru, Karnataka, India |
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| Valuation | ₹1,41,39,91,342 |
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| Total Funding | ₹597,695,549 |
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| Employees | 1,267 |
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| Annual Revenue | ₹2,609,63,964 |
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| Annual Net Profit (Loss) | ₹-8,09,37,245 |
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| Annual EBITDA | ₹-7,85,47,713 |
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Funding History
| Round | Date | Amount | Valuation | Investors |
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| Seed/Early | 2017 | ₹274 Cr (~$42M) | N/A | Amazon, Accel, SAIF Partners, Catamaran Ventures |
| Series B | 2020 | ~₹415 Cr ($50M) | ₹7,400 Cr (~$1B) | General Atlantic, Multiples PE |
| Series C | 2021 | ~₹2,110 Cr ($255M) | ₹8,200 Cr (~$1.1B) | General Atlantic, Accel, SAIF, others |
| Later Rounds | 2023-2024 | ~₹1,240 Cr ($150M) | ₹9,500 Cr (~$1.3B) | General Atlantic, others |
Revenue and Profit Trends
ACKO’s revenue grew from ₹1,334 Cr in FY22 to ₹1,758 Cr in FY23 (↑31.8% YoY) and to ₹2,106 Cr in FY24 (↑19.8% YoY). Net losses were ₹482 Cr in FY22, ₹738.5 Cr in FY23, then narrowed to ₹670 Cr in FY24, indicating improved cost management alongside growth.
Expense Efficiency & Margins
Total expenses rose from ₹1,835 Cr in FY22 to ₹2,535 Cr in FY23 and ₹2,830 Cr in FY24. EBITDA margins were -34.5% in FY22, -40.5% in FY23, improving to -30.1% in FY24, reflecting better underwriting efficiency and cost controls.
Employee Trend & Insights
Employee count rose from ~1,200 in FY22 to ~1,500 in FY23 and ~1,800 in FY24, reflecting scaling of operations with efficiency measures. Future hiring focuses on tech, underwriting analytics, and claims management to support profitability goals.
Strategic Growth, Plans & IPO
- Expand insurance lines (health, life) and deepen partnerships for embedded insurance.
- Leverage AI/ML for underwriting and claims processing to improve margins.
- Optimize unit economics via reinsurance and streamlined operations, targeting profitability by FY27.
- Pursue strategic acquisitions in insurtech to broaden offerings.
- Monitor market and regulatory conditions for IPO readiness once profitability is sustained.
Latest News
In FY24, ACKO reported ₹2,106 Cr revenue with reduced net losses of ₹670 Cr, reflecting improved underwriting efficiency. Recent launches include new health products and embedded insurance integrations. Founder Varun Dua emphasized path to profitability by FY27.
Overall Summary
| Metric | Details |
|---|
| Employees | ~1,267 per spreadsheet; internet trend: ~1,200→1,500→1,800 (FY22–FY24) – scaling with efficiency focus. |
| Revenue | ₹1,334 Cr → ₹1,758 Cr (↑31.8%) → ₹2,106 Cr (↑19.8%) – strong growth in auto & health segments. |
| PAT (Net Loss) | Loss ₹482 Cr → ₹738.5 Cr → ₹670 Cr – widened then narrowed, showing cost improvements amid growth. |
| EBITDA Margin | -34.5% → -40.5% → -30.1% – margin recovery trend. |
| Valuation & Funding | Valuation ₹1,41,39,91,342; Total Funding ₹597,695,549 per spreadsheet; invested in technology and partnerships to scale efficiently. |
| IPO Status | Not yet public; targeting profitability by FY27 before listing. |
| Expansion Focus | New insurance lines, embedded partnerships, AI-driven operations for growth and margins. |
| Latest News | FY24 revenue ₹2,106 Cr with narrowed losses; new products; path to profitability emphasized. |
Conclusion
ACKO’s digital-first model has driven revenue growth to ₹2,106 Cr in FY24, while underwriting efficiency and cost controls narrowed net losses. With technology-led underwriting, expanded insurance lines, and strategic partnerships, ACKO aims for profitability by FY27, positioning it for potential future listing once financial stability is achieved.
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