Archive · 7 Aug 2025
Acko Expands Health Insurance Business in Growing Market
Acko, an insurance company, is putting more focus on health insurance.
They bought a company called OneCare to help them.
They're making it easier to buy health insurance by helping customers find the best labs and hospitals.
The healthcare market in India is huge, so Acko wants to grow.
They've raised a lot of money from investors.
Even a famous cricket player is helping them out!
The company is also partnering with Tesla for car insurance.
Acko's income is going up, even though they still have some losses.
They are working on ways to improve their business.
Acko is expanding its health insurance offerings and partnerships to tap into the growing Indian healthcare sector.
The company acquired OneCare in 2024 to enter the health insurance segment.
Acko is integrating its health insurance process within its app to assist customers with testing and claims.
The firm has raised nearly $450 million in funding and was last valued at $1.1 billion in 2021.
Acko's revenue climbed to ₹2,106 crore in the fiscal year ending March 2024, with losses narrowing.
- Who
- Acko, an insurtech company
- What
- Acko is expanding its health insurance offerings and partnerships.
- When
- Acko acquired OneCare in 2024 and is now focusing on health insurance.
- Where
- Bengaluru, India
- Why
- To capitalize on the growing Indian healthcare sector and integrate the insurance process.
Motor Insurance Slowdown
Healthcare Sector Expansion
Market Dynamics
Motor Insurance Slowdown
The insurance industry in India is slowing, particularly due to a drop in auto sales.
Healthcare Sector Expansion
Acko is adapting to industry slowdown by focusing on health insurance.
- Company
- Acko
- Sector
- Insurance
- Focus
- Health Insurance
- Acquisition
- OneCare
- Funding
- $450 million
- Last Valuation
- $1.1 billion (Oct 2021)
- Revenue FY2024
- ₹2,106 crore
- Losses FY2024
- ₹670 crore