MICA Alumnus Varun Dua's Startup ACKO Becomes Country’s Latest Unicorn - Vibes Of India

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MICA Alumnus Varun Dua’s Startup ACKO Becomes Country’s Latest Unicorn

| Updated: January 18, 2022 18:06

MICA graduate Varun Dua founded ACKO in the year 2016 which is a General Insurance company that includes Motor Insurance, in trip domestic insurance, and Mobile Insurance, with over 70 million customers with a Run rate of 150 million dollars in premiums.

ACKO has recently become the country’s unicorn after it raised 255 million dollars at a valuation of 1.1 billion dollars in a fundraising round led by private equity firms like general Atlantic and Multiples Private Equity Firm.

After ACKO became Unicorn founder, Varun dua said “ Our strategy remains the same and we continue to strive equally hard to win customer trust, however unicorn status is a validation for all the hard work. What our team has achieved in a short period, especially with Covid-19 disrupting 33% of the total existence of ACKO, is no small feat.”

On this President and Director Of MICA Dr Shailendra Raj Mehta Said that their alumni has continued to make them proud with their accomplishments across various diverse fields.

When asked about what changed things good for ACKO – Mr Dua commented, “I think being a technology-first company has been the game-changer for ACKO. ACKO now intends to solve more significant problems for their customers. As we advance, we would like to work on getting our customers better access to the best healthcare, with no cost surprises, how to use data to predict the risk of accidents and illnesses, and how to use technology intervention to mitigate risks and many more. We will also invest in building teams to help us solve these problems.”

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