ACKO Insurance Series D funding subject to IRDAI approval
ACKO Insurance issued Series D funding conditional on regulatory approval affecting Insurance Regulatory and Development Authority of India (IRDAI) on October 25, 2021.
- Primary
- ACKO Insurance
- Counterparty
- Insurance Regulatory and Development Authority of India (IRDAI)
- Amount
- $255M
- Structure
- Series D funding conditional on regulatory approval
- Date
- October 25, 2021
- Sub-sector
- Insurtech
Digital insurance startup's unicorn valuation requires IRDAI regulatory sign-off, reflecting insurance sector gatekeeping in India.
Source: techstory.in